SYDNEY - AUSTRALIA'S competition watchdog on Wednesday said it would not oppose a proposed US$8.3 billion (S$10.8 million) merger between the Australian and Singapore stock exchanges.
In a move which brings the merger one step closer, the Australian Competition and Consumer Commission said the planned merger between the Singapore Exchange Limited and Australia's ASX Limited was unlikely to result in a substantial decrease in competition.
'In Australia, SGX does not compete with ASX for trading, clearing or settlement services,' it said in a statement.
'ASX and SGX do compete for listing services, but only to a limited extent.'COPIED AND PASTED FROM THIS LINK
No comments:
Post a Comment