Fidelity Investments, which owns 4.5 percent of Deutsche Boerse, said it opposed the Frankfurt exchange’s £1.3-billion ($2.48 billion) offer to buy the London Stock Exchange (LSE), according to Reuters. “Fidelity Investments would like to make it clear that in its capacity as a major shareholder of Deutsche Boerse.
Fidelity does not support its proposed bid for the London Stock Exchange,” the fund said in a statement to the news organization. The addition of Fidelity’s statement adds further weight to opponents of Boerse’s plan to create the world’s second-largest stock exchange by acquiring the LSE. Euronext wants to buy the LSE as well.