Global Capital Markets

The German, French and Italian governments are trying to prevent Euronext from a tie-up with New York Stock Exchange (NXSE), the Financial Times Deutschland reported. Unnamed informed sources mentioned that the governments together are working on a plan to prevent a deal between listed European stock exchange Euronext and NYSE. The ministers of financial affairs of Germany, France and Italy, Peer Steinbrueck, Thierry Breton and Tommaso Padoa-Schioppa, are said to meet in the coming weeks to work on a “European solution” involving Borsa Italiana and Deutsche Boerse. The report noted that Euronext’s chief executive officer Jean-Francois Theodore still favours a merger with NYSE.

Source Financial Times Deutschland