Australian regulator gives exchange merger go-ahead

The Australian Competition and Consumer Commission has ruled that a proposed merger between the Australian Stock Exchange and the Sydney Futures Exchange can go ahead.

The ruling paves the way for the the ASX to take over the SFE, creating what has been billed as the world's ninth largest listed exchange group. At Wednesday's prices, the combined entity would have a market value of US$4.0 billion (€3.12bn), according to Reuters.

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