23 February 2018
visit www.nextgenbanking.co.uk/

Euronext to acquire corporate news group

30 January 2006  |  5513 views  |  0 Euronext

Pan-European exchange Euronext is in negotiations to acquire CompanynewsGroup, a Paris-based distributor of corporate news releases.

Euronext, which has been linked to M&A deals with Deutsche Bourse and the London Stock Exchange, says the acquisition of the 25-person group will enable it to broaden its range of services to listed companies. The exchange says forthcoming European transparency Directives and requirements for new financial information should work to the benefit of CompanynewsGroup.

Euronext says the immediate aim will be to extend the services offered by CompanynewsGroup beyond its current client base in France, Italy and Spain, to take in new markets in the Netherlands and Portugal, and to further develop business in Belgium.

The deal is expected to be consummated by the end of the first quarter. Financial details have not been disclosed.

According to a Reuters report, Euronext is pondering whether a share buyback or other payout may be a more feasible way of spending its cash in the absence of other attractive deal opportunities.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Euronext under pressure to pursue Deutsche Börse merger

Euronext under pressure to pursue Deutsche Börse merger

17 January 2006  |  8807 views  |  0 comments
Nasdaq buys investor relations outfit Shareholder.com

Nasdaq buys investor relations outfit Shareholder.com

10 January 2006  |  7016 views  |  0 comments
Euronext faces lawsuit over automated trading systems

Euronext faces lawsuit over automated trading systems

07 December 2005  |  6442 views  |  0 comments
Euronext.liffe to launch trade matching service for OTC derivatives

Euronext.liffe to launch trade matching service for OTC derivatives

25 November 2005  |  8337 views  |  0 comments
UK watchdog approves LSE takeover bids with conditions

UK watchdog approves LSE takeover bids with conditions

01 November 2005  |  7804 views  |  0 comments
Euronext.liffe to launch clearing service for wholesale derivatives

Euronext.liffe to launch clearing service for wholesale derivatives

20 September 2005  |  7589 views  |  0 comments
Interoperable CCPs may hold key to LSE competition issues

Interoperable CCPs may hold key to LSE competition issues

06 September 2005  |  5048 views  |  0 comments
Euronext prepared to sell clearing business for LSE - FT

Euronext prepared to sell clearing business for LSE - FT

01 September 2005  |  5421 views  |  0 comments
Euronext and Atos Origin extend IT services JV

Euronext and Atos Origin extend IT services JV

27 July 2005  |  7025 views  |  0 comments
Euronext/Borsa Italiana win MTS auction

Euronext/Borsa Italiana win MTS auction

01 July 2005  |  7753 views  |  0 comments
Euronext.Liffe acquires CScreen in bid to automate equity derivatives

Euronext.Liffe acquires CScreen in bid to automate equity derivatives

19 April 2005  |  8244 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit http://info.nice.comRegister for the webinar

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
10570 views comments | 14 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
9824 views 3 | 8 tweets | 1 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8879 views comments | 13 tweets | 13 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
7610 views comments | 15 tweets | 26 linkedin

Featured job

Competitive base + commission (double OTE)
London, UK

Find your next job