Euronext looks to snap up assets from any Deutsche Boerse-LSE fallout

Thu Mar 17, 2016 2:52pm EDT
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By Sophie Sassard, Freya Berry and Alexandre Boksenbaum-Granier

LONDON/PARIS (Reuters) - European stock exchange operator Euronext NV (ENX.PA: Quote) is considering acquisitions to help it stay competitive after Deutsche Boerse AG (DB1Gn.DE: Quote) and London Stock Exchange Group Plc (LSE.L: Quote) agreed to merge in a $30 billion deal, according to people familiar with the matter.

With a market value of about 2.6 billion euros, Euronext, which runs stock exchanges in Paris, Amsterdam, Brussels, London and Lisbon, will be reduced to minnow status among European bourses if the LSE-Deutsche Boerse deal goes ahead.

So it is looking at ways to bolster its size and may snap up assets LSE or Deutsche Boerse are forced to sell off to satisfy antitrust regulators vetting their proposed deal, according to sources familiar with the matter.

BNP Paribas SA (BNPP.PA: Quote) and Rothschild have been hired to advise Euronext on its next move, according these sources.

BNP Paribas and Rothschild declined to comment.

"The game changed as LSE and Deutsche Boerse decided to merge. Euronext excludes no options now and is studying various opportunities," one source at Euronext said.

Euronext declined to comment, but said it would provide a full overview of its strategic plan on May 16, as previously announced during full-year results.


A stock market operator Euronext's universal analyst works in the market services surveillance room center at the new Euronext headquarters at La Defense business and financial district in Courbevoie near Paris, France, October 30, 2015. REUTERS/Benoit Tessier