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