BusinessCompany NewsEuronext in bid for London Stock Exchange

Euronext in bid for London Stock Exchange

Euronext, the pan-European stock market, has joined the battle to takeover the London Stock Exchange.

Link: City on alert over IFRS cheats

It follows media speculation over the weekend that Euronext, which already owns the Liffe exchange in London, was lining up a bid for the LSE.

The company will be competing against the Deutsche Boerse, which last week bid £1.3bn for the LSE. The bid was rejected for being too small.

A bidding war is now likely to follow for Europe’s biggest stock market, which lists shares with a market capitalisation of some £1.4trillion.

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