“In assessing any potential combination, Euronext will [look at] the value to be created for all its shareholders,” the company said in a statement. “It will also, as required by Dutch company law, carefully consider the interests of its other stakeholders.” However, the statement did say an approach from its German rival would provide the “best possible approach for creating a truly European exchange organisation”.
The exchange said it would “carefully review all available options” before recommending a course of action to shareholders at the company’s annual general meeting on May 23.
Euronext provides stock and derivatives markets in Belgium, France, the Netherlands, Portugal and the UK. It is Europe’s leading stock exchange based on trading volumes. During the current time of intense consolidation talk, it has been cited as a possible merger partner for the London Stock Exchange, Nasdaq, the New York Stock Exchange and the Chicago Mercantile Exchange.
The week on Risk.net, July 7-13, 2018Receive this by email