Germany

Deutsche Börse to close Neuer Markt and restructure equity capital market segments

Markus Pfüller and Dietmar Anders. Clifford Chance, Frankfurt (+49 69 71 99 01)

On 25 September 2002, Germany’s Deutsche Börse AG announced its far-reaching plan to restructure the equity capital market segments of the Frankfurt Stock Exchange (FSE). Most significantly, the Neuer Markt will be closed. In the future, all shares will either be traded in the Prime Standard segment, requiring compliance with internationally accepted quality criteria, or in the Domestic Standard segment.