Court of Justice of the European Communities (including Court of First Instance Decisions)

JUDGMENT OF THE GENERAL COURT (Third Chamber)

9 March 2015 (*)

(Competition — Concentrations — Financial instruments sector — European derivatives market — Decision declaring that the concentration is incompatible with the internal market — Assessment of the effects of the transaction on competition — Efficiency gains — Commitments)

In Case T‑175/12,

Deutsche Börse AG, established in Frankfurt am Main (Germany), represented by C. Zschocke, J. Beninca and T. Schwarze, lawyers,

applicant,

v

European Commission, represented by T. Christoforou, V. Bottka, N. Khan and B. Mongin, acting as Agents,

defendant,

supported by

Icap Securities Ltd, established in London (United Kingdom), represented by C.T. Riis-Madsen, lawyer, and S. Stephanou, Solicitor,

intervener,

APPLICATION for annulment of Commission Decision C(2012) 440 final of 1 February 2012, declaring a concentration to be incompatible with the internal market and the functioning of the EEA Agreement (Case No COMP/M.6166 — Deutsche Börse/NYSE Euronext),

THE GENERAL COURT (Third Chamber),

composed of S. Papasavvas (Rapporteur), President, N.J. Forwood and E. Bieliūnas, Judges,

Registrar: C. Kristensen, Administrator,

having regard to the written procedure and further to the hearing on 4 June 2014,

gives the following

Judgment

[Grounds not reproduced]

On those grounds,

THE GENERAL COURT (Third Chamber)

hereby:

1.      Dismisses the action;

2.      Orders Deutsche Börse AG to bear its own costs and to pay those incurred by the European Commission and by Icap Securities Ltd.

[Signatures]

* Language of the case: English.

© European Union
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