Target: Euronext NV
, London Stock Exchange Group plc
Under the terms of the deal, Euronext NV
will hold a 3% stake in Euroclear...JJ:(AFP)
BNP Paribas and Societe Generale (the Sellers) announce today that they have launched the sale of their excess stakes in Euronext NV
(Euronext or the Company) following the renewal for a further two years of the Reference Shareholders Agreement which is due to expire on 20 June 2017.
Following a recommendation by the Nomination and Governance Committee, the Supervisory Board has unanimously approved the nomination of Stephane Boujnah as CEO of Euronext NV
. He would also be chairman of the managing board.
NYSE Euronext is the first cross-border exchange group resultant from the merger of NYSE Group Inc and Euronext NV
on 4 April 2007.
But the recent acquisition of Euronext NV
, the pan-European stock exchange operator, by NYSE Group Inc., the operator of the New York Stock Exchange, has apparently prompted the LSE to seek measures to counter expansion of U.S.
As a market operator, we are aware that this activity lies at the heart of our strategic mission, and it is a source of pride and enthusiasm,' said Dominique Cerutti, NYSE Euronext President and Deputy CEO and Chairman of the Management Board of Euronext NV
16 February 2011 -- S&P on Tuesday put on "positive" watch its A+/A-1 counterparty credit ratings on NYSE Euronext and its subsidiary Euronext NV
after the company sealed an agreement to merge with higher-rated Deutsche Boerse (ETR:DB1).