Euronext seeking acquisitions to stay competitive

Euronext seeking acquisitions to stay competitive
 

PARIS European stock exchange operator Euronext NV (ENX.PA) said on Friday it was on the lookout for "transformational" tie-ups of its own as rivals Deutsche Boerse AG (DB1Gn.DE) and London Stock Exchange Group Plc (LSE.L) negotiate a $30 billion merger (£20.8 billion).
Euronext, which operates exchanges in Paris, Amsterdam, Brussels, London and Lisbon, said it would maintain flexibility to spend 150 million euros ($171 million) on acquisitions by 2019 while continuing to pay out half its earnings as dividends.
"In an evolving industry landscape, Euronext will carefully... read more

 
13 May 2016 in Business, Views: 38
Source: Reuters
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