Euronext snaps up Irish Stock Exchange in Brexit play
Exchange expands to Ireland by acquiring hub for ETFs, set to benefit as financial activities leave Britain after Brexit.
Euronext is expanding to Ireland by acquiring the nation's stock exchange, a hub for ETFs set to benefit as financial activities leave Britain after Brexit.
The Amsterdam-based exchange operator, which has said it is seeking to double in size, agreed to buy Irish Stock Exchange for €137 million ($163 million) from its joint owners, Investec, Cantor Fitzgerald and Irish brokerages J&E Davy, Goodbody Stockbrokers and Campbell O'Connor, according to a statement after markets closed Wednesday.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
Euro reform
—
22.06.2018
Eurozone finance ministers back new powers for ESM
Benefits
—
20.06.2018
Luxembourg refutes cross-border unemployment plan
Tax
—
20.06.2018
UK companies to face pre-Brexit tax bombshell from EU
