Euronext statement in relation to Bolsas y Mercados Españoles (“BME”)
March 30 2020 - 11:45AM
Euronext statement in relation to Bolsas y Mercados Españoles
(“BME”)
CONTACT - Media: |
CONTACT - Investor Relations: |
Amsterdam |
+31.20.721.4133 |
Brussels |
+32.2.620.15.50 |
+33.1.70.48.24.27 |
|
DublinOslo |
+353 1 617
4221 +47 22 34 17 40 |
LisbonParis |
+351.210.600.614+33.1.70.48.24.45 |
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EURONEXT STATEMENT IN RELATION TO BOLSAS Y MERCADOS
ESPAÑOLES (“BME”)
Amsterdam, Brussels, Dublin, Lisbon,
London, Oslo and Paris – 30 March
2020 – Euronext has been
reviewing in detail a potential offer for Bolsas y Mercados
Españoles (“BME”). Euronext has analysed all the available facts
and data, including market and competitive conditions.
Euronext is convinced of the strong industrial
benefits that a combination between BME and Euronext would bring to
the Spanish capital markets and the wider European capital markets,
in particular to build the backbone of the Capital Markets Union
within the European Union.
However, after careful consideration, Euronext
announces today that it does not intend to make an offer for
BME.
Euronext considers that the financial terms of a
potential competing offer, despite the significant potential
synergies, would not be compatible with value creation and adequate
return on invested capital for Euronext shareholders.
Euronext remains committed to its ambition to
build the leading pan-European market infrastructure, and to seize
attractive growth opportunities in line with its financial
discipline. Strong operating performance, disciplined deployment of
capital and open federal model remain key features of the Euronext
strategy “Let’s Grow Together 2022”.
CONTACTS - Media Pauline
Bucaille
+33 1 70 48 24 41; pbucaille@euronext.com
Analysts & investorsAurélie
Cohen / Clément
Kubiak
+33 1 70 48 24 27; ir@euronext.com
About EuronextEuronext is the
leading pan-European exchange, covering Belgium, France, Ireland,
The Netherlands, Norway, Portugal and the UK. With close to 1,500
listed issuers worth €4.5 trillion in market capitalisation as of
end December 2019, Euronext has an unmatched blue chip franchise
that includes 26 issuers in the Morningstar® Eurozone 50 Index℠ and
a strong diverse domestic and international client base. Euronext
operates regulated and transparent equity and derivatives markets
and is the largest centre for debt and funds listings in the world.
Its total product offering includes Equities, FX, Exchange Traded
Funds, Warrants & Certificates, Bonds, Derivatives, Commodities
and Indices. Euronext also leverages its expertise in running
markets by providing technology and managed services to third
parties. In addition to its main regulated market, Euronext also
operates Euronext GrowthTM and Euronext AccessTM, simplifying
access to listing for SMEs. The Norwegian stock exchange and
its clearing & settlement subsidiary, together operating as
Oslo Børs VPS, joined Euronext on 17 June 2019. For the
latest news, find us on Twitter (twitter.com/euronext) and LinkedIn
(linkedin.com/euronext).
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vest in Euronext. This press release speaks only as of this date.
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is available at www.euronext.com/terms-use. © 2019, Euronext N.V. -
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