More time for LSE review

EUROPEAN regulators have extended their review of the London Stock Exchange’s proposed £21 billion merger with German rival Deutsche Borse.

The European Commission delayed its decision by 15 working days to March 6 after both companies asked for more time. Antitrust regulators are concerned the merger could hinder competition in key financial market activities such as clearing, derivatives and index licensing.

LSE has said it could hive off the French clearing subsidiary of its LCH.Clearnet arm to allay concerns over the deal.