Euronext eyes Stock Exchange bid amid deals frenzy
Euronext would consider buying London’s stock market if it is put up for sale.
Chief executive Stephane Boujnah said London Stock Exchange’s parent had shifted towards data and analytics services.
His comments come amid a crisis in the City amid a takeover frenzy.
New York has been the primary destination for defectors, with fintech darling Wise its most recent scalp.
Delivery giant Just Eat and travel operator Tui have both chosen European capitals in recent years.
Euronext operates across Europe and recently offered to buy Athens Stock Exchange for £360m.
Eyeing up a bid?: Euronext would consider buying London’s stock market if it is put up for sale
Boujnah described Euronext as ‘home sweet home’ for firms bridging domestic industries and international markets.
He noted that the London Stock Exchange Group (LSEG), which owns the UK stock market, has increasingly shifted towards data and analytics following its acquisition of Refinitiv in 2021.
But LSEG boss David Schwimmer said ‘it gets a lot of focus, a lot of attention, a lot of capital and a lot of support’. LSEG’s ‘broader scale’ allows it to work on the exchange’s behalf in dealings with companies, ministers and regulators, he added.
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