Deutsche Börse board expresses confidence in CEO Carsten Kengeter

The Supervisory Board of Deutsche Börse AG (DBAG) unanimously expresses its full confidence in the Chief Executive Officer Carsten Kengeter. This is the result of an extraordinary supervisory board meeting on 6 February in which the investigation by the Public Prosecutor has been discussed thoroughly and intensely. These discussions were preceded by extensive conversations with external experts and a re-newed analysis of the processes in the year 2015.

This assessment resulted in the joint finding that no merger negotiations with the LSEG have taken place in the year 2015.

In addition the relevant bodies of DBAG and London Stock Exchange Group plc (LSEG) have decided to formally submit the divestment of LCH.Clearnet SA by LCH.Clearnet Group Limited as a remedy to the European Commission in order to address anti-trust concerns raised by the European Commission in relation to the merger of DBAG and LSEG.

Following the expiry of the time limit for the submission of remedy proposals under the EU Merger Regulation, the European Commission will consult market participants on the remedy proposed by DBAG and LSEG (so-called market test).

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