US exchanges have been warned against attempting takeover bids for Deutsche Boerse by a senior German politician.
Thomas Schaefer, finance minister in the state of Hesse, where Deutsche Boerse is based, was speaking a day after the firm’s merger with the London Stock Exchange collapsed.
Last summer, when the exchanges were progressing with the deal, Deutsche Boerse chief executive Carsten Kengeter warned that his company could become a target for a US rival such as CME Group if the deal collapsed.
It is also thought that the London Stock Exchange could attract interest from America.
Asked by City A.M. at an event in London whether politicians in Hesse, many of whom were opposed to the London Stock Exchange deal and could have been influential in blocking it in Germany, would opposed a US takeover, Schaefer said:
Deutsche Boerse is not only a private company, but it has state responsibilities. And the… stock exchange authorities in Germany have to guarantee that if there is a change of owner, it has to guarantee that business will continue uninterrupted as normal.
He added: “In other words, I would rather recommend that colleagues in America not attempt to do this.”