Faster than expected savings increases takeover opportunities, says Euronext By Reuters

© Reuters. FILE PHOTO – The Euronext logo is seen at the financial and business district of La Defense, amid the outbreak of the coronavirus disease (COVID-19), in Paris, France, November 10, 2020. REUTERS/Benoit Tessier

LONDON (Reuters) – Euronext’s integration of Borsa Italiana is reaping faster than expected savings for potential acquisitions, though no “actionable” target has been identified, the pan-European exchange’s CEO Stephane Boujnah said on Thursday.

Euronext acquired the Milan exchange last year, the latest in a string of bourse acquisitions which has made it Europe’s biggest share trading pool, Boujnah said.

Faster-than-anticipated savings and a billion euros in surplus cash means the exchange has more flexibility when it comes to mergers and acquisitions, he added.

“We don’t at the current moment have an identified, actionable target,” Boujnah told Reuters.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*