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Deutsche Boerse CFO:Doesn't See Big International M&A Deals In Short Term

FRANKFURT -(Dow Jones)- German exchange operator Deutsche Boerse AG (DB1.XE) doesn't expect big international merger and acquisition transactions within the sector in the next 18 months, Chief Financial Officer Gregor Pottmeyer said Friday. Regulators don't support large international M&A deals among exchanges, Pottmeyer told an analyst call following the company's first-quarter earnings report, the first stand-alone figures after the European Union blocked its planned merger with NYSE Euronext (NYX). As a result, he could only envisage smaller, "opportunistic" transactions, Pottmeyer said, adding that there aren't any in the pipeline. Deutsche Boerse has started a legal challenge against the EU's verdict on the grounds that the market definition used doesn't reflect reality and is also critical of the review process. It expects the lawsuit hearing to last between 18 months and three years, Eric Mueller, Deutsche Boerse's head of investor relations, told the analysts. The EU's General Court received Deutsche Boerse's legal challenge of the NYSE merger veto in the second week of April. The legal challenge doesn't aim to revive the merger plans, those are off the table. -By Ulrike Dauer, Dow Jones Newswires; +49 69 29725 500; -0-

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