Euronext agrees €130m Portuguese exchange takeover

BVLP traded 4.2 million futures and options between January and November this year, executed on a quote-driven basis. The exchange already uses an older version of the same NSC trading system used by Euronext, which should minimise integration issues.

In time, Portuguese derivatives will run on the Liffe Connect system, as agreed under the terms of Euronext's ongoing takeover of the London International Futures and Options Exchange.

BVLP shareholders will receive €35 million in cash and 4.84 million share in Euronext worth €95 million at today's market close of €19.7. This would give BVLP shareholders a 4% stake in Euronext's enlarged share capital.

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