Portuguese exchange joins Euronext
PORTUGAL/EUROPE – Euronext, the pan-European stock exchange that resulted from the merger of the Amsterdam, Brussels and Paris exchanges two years ago, has added the Portuguese stock exchange, Bolsa de Valores de Lisboa e Porto (BVLP) to its roster.
BVLP, whose shareholders will become shareholders in Euronext once the merger is approved, will be renamed Euronext Lisbon. It will become a wholly-owned operating subsidiary of the Amsterdam-based holding company, Euronext NV, mirroring the status of the Amsterdam, Brussels and Paris exchanges.
Says Jean-François Théodore, chairman and chief executive officer of Euronext: “We are delighted to welcome BVLP into Euronext. The deal further reinforces our position in the European exchange sector, as well as further demonstrates that Euronext is an expandable concept.”