Global Market: Euronext, Deutsche Boerse Shares Rise on Renewed Merger Talks
30 Articles
30 Articles
The owner of the pan-European stock exchange platform pleads for a rapprochement with its great German rival Deutsche Börse. A somewhat bold statement, but which raises the legitimate question of the advancement of financial Europe, says Isabelle Chaperon, a columnist at the "World Economy" department.
Euronext is willing to advance to a merger with its biggest rival, Deutsche Börse, or at least to an approximation of their stock exchange activities. The opening was made by CEO Stéphane Boujnah, in an interview with the "Financial Times", advanced this Monday.
In order to compete better with the US, Europeans are looking for ways to strengthen their own capital markets. Euronext is now open to a merger.
The Economic Times
Times of IndiaGlobal Market: Euronext, Deutsche Boerse shares rise on renewed merger talks
Euronext and Deutsche Boerse shares rose around 2% after Euronext CEO Stephane Boujnah said a potential combination could make strategic sense. His comments revived merger speculation between Europes two largest exchange groups, though no talks are currently underway.
Euronext claims to be open to a merger with Deutsche Börse, its main European competitor, an operation which could increase the weight of the two groups, but no discussion is currently under way.
Euronext CEO Stephane Bouzna leaves open the possibility of a merger or closer cooperation with Deutsche Börse, aiming for greater liquidity and stronger European capital markets
Coverage Details
Bias Distribution
- 72% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
