Deals
Euronext Seeks Takeover Targets Amid Goliath Rival Tie-Up
- Euronext CEO Boujnah is intent on acquiring Clearnet
- Company may have few other targets if deal doesn’t succeed
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Pan-European market operator Euronext NV, faced with losing ground to bigger rivals, is intent on transforming the company.
Plan A: Purchase London Stock Exchange Group Plc’s French clearinghouse, which has already been agreed upon as an antitrust concession in the U.K. company’s merger. And if that mega-deal falls apart, and LSE no longer has to sell the French business? Plan B: Try to buy it anyway.