(joint stock company)
|founding||September 22, 2000|
|Seat||Amsterdam , Netherlands|
( CEO )
Rijnhard Van Tets
( Chairman )
|Number of employees||850 (March 31, 2014)|
|sales||458.5 million euros (2014)|
Euronext is a "multi-country exchange", it operates the stock exchanges in Amsterdam , Brussels , Dublin , Lisbon and Paris and is based in Amsterdam . The shares of the operating company Euronext NV are traded on all stock exchanges it operates.
Foundation and expansion
The company was founded on September 22, 2000 as a holding company under Dutch law through the merger of the Amsterdam, Brussels and Paris stock exchanges. At the beginning of 2002, Euronext expanded through the merger with the Portuguese exchange Bolsa de Valores de Lisboa e Porto (BVLP) and the takeover of the London futures exchange London International Financial Futures and Option Exchange (LIFFE). After that, Euronext was the largest cross-border exchange in Europe.
Merger with the New York Stock Exchange
On June 1, 2006, Euronext had agreed to merge with the New York Stock Exchange (NYSE). Euronext shareholders received 0.98 NYSE shares for each Euronext share, plus an additional EUR 21.32 in cash. The shareholders of both stock exchanges and the supervisory authorities have given their consent.
An Extraordinary General Meeting of Euronext had been called for December 19, 2006. Here the merger was finally decided. The merger created the first transatlantic exchange on April 4, 2007. The new holding company was called NYSE Euronext and had a market capitalization of around 15 billion euros. It owned the Dutch Euronext NV from 2007 to 2014 as a wholly-owned subsidiary.
Spin-off from the New York Stock Exchange and IPO
Immediately after the NYSE Euronext was taken over by the Intercontinental Exchange in November 2013, it became known that Euronext would be spun off from NYSE Euronext, albeit without LIFFE . The reason for this decision is the opinion of the Intercontinental Exchange that the European stock exchanges are not part of the core business. Thus, the merger was reversed after seven years. Euronext went public on June 20, 2014 on the stock exchanges in Amsterdam, Paris and Brussels; Lisbon will follow at a later date. The issue price for the 42.25 million shares placed and thus around 60 percent of the capital was set at EUR 20 per share. A group of institutional investors such as ABN Amro and BNP Paribas hold a further 33.36 percent , as the sale of Euronext was subject to the condition that at least 25 percent of the shares remain with the old owner for at least three years, or alternatively, the sale of the share to an investor was possible. The Intercontinental Exchange retains a minority stake of around 7 percent. The proceeds from this IPO amount to 842 million euros. On the first day of trading, the Euronext share closed 2 percent below the issue price, but was at times up to 5 percent lower. Nevertheless, all of the shares offered were successfully placed. The market capitalization of Euronext was around 1.4 billion euros at the time of issue .
Stock exchanges and stock indices
The table shows the trading venues and their most important stock indices .
|Stock exchange||country||Seat||Stock index|
|Euronext Amsterdam||Netherlands||Amsterdam||AEX index|
|Euronext Dublin||Ireland||Dublin||ISEQ Overall Index|
|Euronext Lisbon||Portugal||Lisbon||PSI 20|
|Euronext Paris||France||Paris||CAC 40|
Similar to the former German Entry Standard , Euronext Growth is a special Euronext market segment created by Euronext Paris in May 2005 under the name Alternext. In terms of the German investment services directive, Alternext was not a regulated market . In May 2017, Alternext was renamed Euronext Growth in an effort to simplify the market names.
The Euronext 100 share index comprises the 100 strongest stocks on these exchanges.
- DO NOT FORWARD ( Memento from March 4, 2016 in the Internet Archive )
- The Worlds Stock Exchanges by Market Cap. Retrieved March 7, 2018 .
- N-TV: New plans for Euronext. May 8, 2014, accessed May 13, 2014 .
- Nandini Sukumar: ICE plans to acquire a 30% stake in Euronext before IPO. Bloomberg, January 6, 2013, accessed January 11, 2013 .
- Ruth David and Francesca Cinelli: ICE prices Euronext shares probably near the lower end of the IPO range. Die Welt, June 19, 2014, accessed June 19, 2014 .
- dpa: Euronext share debuts with losses. Manager Magazin, June 20, 2014, accessed June 20, 2014 .
- Euronext: Quotes. June 20, 2014, accessed June 20, 2014 .
- Weitnauer: Admission Requirements for Selected Exchanges (PDF file; 128 kB)
- Euronext: Euronext modernises its markets to support growth of European companies