Source: www.reuters.com
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LONDON (Reuters) - Euronext’s integration of Borsa Italiana is reaping faster than expected savings for potential acquisitions, though no “actionable” target has been identified, the pan-European exchange’s CEO Stephane Boujnah said on Thursday.
Euronext acquired the Milan exchange last year, the latest in a string of bourse acquisitions which has made it Europe’s biggest share trading pool, Boujnah said.
Faster-than-anticipated savings and a billion euros in surplus cash means the exchange has more flexibility when it comes to mergers and acquisitions, he added.
“We don’t at the current moment have an identified, actionable target,” Boujnah told Reuters.
Reporting by Huw Jones, editing by Emma-Victoria Farr
