logo

Deutsche Börse backs out of Euronext talks


Deutsche Börse announced at a press conference last week that it had decided to unequivocally withdraw any interest in pursuing a merger with rival European exchange giant Euronext leaving the door open for the expectedcompletion of a deal for Euronext with New York Stock Exchange (NYSE).

Reto Francioni, CEO of Deutsche Börse, told journalists that all attempts by his exchange to push for a deal had been turned down.

"All advances were rejected in one way or another or fell on deaf ears," he said.

Francioni was keen to claim that there had been no fault at Deutsche Börse's door in the breakdown of discussions. He would not elaborate on whether or not the exchange had developed a "plan B" in the event of a collapse of a Euronext deal but did outline plans for the future.

"We have not rested on...

The rest of this article is for subscribers only. Would you like to take a free trial?

Free trial

  • News & Analysis access
  • Extensive data searches
  • Access to archive
  • Weekly newsletter