Euronext CEO rules out another Allfunds bid in acquisition hunt

CEO said Euronext – which operates bourses in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – would consider adding new exchanges in continental Europe

Euronext Dublin, Irish Stock Exchange. Anglesea Street, Dublin, Ireland. Photo: euronext.com

Euronext is unlikely to make another bid for Allfunds as it pursues acquisitions that can grow and diversify revenues, its CEO Stephane Boujnah told Reuters.

The Paris-headquartered stock exchange group withdrew a €5.5bn bid for the Spain-based investment fund platform in February after news of the possible offer sent Euronext's shares into a tailspin.