Deutsche Boerse said on Monday it had received approval for its $9 billion acquisition of NYSE Euronext from Germany's Financial Supervisory Authority (BaFin), clearing another hurdle in a process expected to be completed by the end of this year. "With BaFin's decision, the merger has reached an important regulatory milestone in Germany," the exchange operator said in a statement.
It added it still needed approval from the EU competition authorities as well as from exchange supervisory authorities. Shares of Deustche Boerse were down 2.1 percent at 38.51 euros, slightly underperforming a 2 percent weaker German blue chip index. NYSE Euronext shares were down 3.8 percent in New York at $24.72.
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