Deutsche Borse Supervisory Board Approved Decision Not To Pursue Euronext Merger

The Supervisory Board of Deutsche Brse AG, Frankfurt, has unanimously approved the decision made by the company's Executive Board on 15 November not to pursue a merger with Euronext any further. At the last scheduled meeting in 2006, the members

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The Supervisory Board of Deutsche Brse AG, Frankfurt, has unanimously approved the decision made by the company’s Executive Board on 15 November not to pursue a merger with Euronext any further. At the last scheduled meeting in 2006, the members of the Board agreed that the move “made sense, was necessary and could not be avoided” in light of share price developments and the assessment that a transaction supported by both sides would not be achievable.

During its discussion of recent developments, the Supervisory Board thanked the Executive Board and the members of the Supervisory Board’s Strategy Committee, which was closely involved in the merger project, for the exceptional level of commitment shown in their endeavors to turn a European’s vision into reality.

“All members of the Supervisory Board agreed that, although an opportunity was missed for Europe, Deutsche Brse itself is in an excellent competitive position,” says Kurt Viermetz, the Chairman of the Supervisory Board.

The Supervisory and Executive Boards also used the meeting to discuss the company’s strategy for the future given the changes in the overall environment. The Supervisory Board has given its support to the Executive Board’s strategic plans to continue to drive organic growth in all business areas and to remain open to all forms of co-operation that will create value for shareholders and customers in all markets.

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