Deutsche Boerse seeks approval under EU subsidies rules for Allfunds deal

BRUSSELS, June 23 (Reuters) - Deutsche Boerse has sought approval under EU subsidies rules for its record €5.35 billion ($6 billion) acquisition of Amsterdam-listed fund trading platform Allfunds, a European Commission filing shows.

The Commission, which acts as the EU competition enforcer, set a July 27 deadline for its decision. It can open a full-scale investigation after its preliminary review if it has serious concerns.

The EU's Foreign Subsidies Regulation (FSR) takes aim at unfair foreign aid for companies looking to acquire rivals in the 27-country bloc or taking part in public tenders.

Deutsche Boerse, which expects to close the deal in the first half of 2027, will also be required to seek EU approval under merger rules.

($1 = 0.8790 euros) 

(Reporting by Foo Yun Chee; Editing by Alexander Smith)