Euronext CEO Rules Out Deutsche Boerse Merger
CEO Stephane Boujnah told Italian lawmakers that a merger with Deutsche Boerse is unlikely in the near future despite the strategic logic. The comments follow concerns regarding the dilution of Italian influence and an ongoing legal dispute with state lender CDP over control of the Milan bourse.
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EURONEXT NV CEO Stephane Boujnah ruled out a merger with DEUTSCHE BOERSE AG during an Italian parliamentary hearing on May 21. The rejection follows three previous failed attempts to combine the exchange operators. The decision signals a period of stability for European market infrastructure as regional political tensions over exchange control persist.
