Euronext completes acquisition of Portuguese bourse

Euronext, the merger between the stock exchanges in Paris, Amsterdam and Brussels, has won 100% support for its acquisition of the Bolsa de Valores de Lisboa e Porto (BVLP) from the Portuguese exchange's shareholders.

The deal is the second in recent months by Euronext, following its acquisition of Liffe, the UK derivatives exchange, for £550m (€890m). The offer for BVLP closed at the beginning of the week, after final terms were agreed in mid-December. BVLP will become a 100% subsidiary of Euronext NV, the Dutch-registered holding company, which in turn owns the three legs of Euronext in France, the Netherlands and Belgium.

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