Exchange takes €9m loss due to LCH-C IT write-off
Euronext's largest shareholder - Childrens Investment Fund
(TCI) - has applied pressure on the exchange to allow a
shareholder vote on a Deutsche Börse merger despite
Euronext's detailing of the timeline for its proposal to merge
with New York Stock Exchange (NYSE).
Chris Hohn, MD of TCI, demanded that Euronext publicly
disclose its intentions as to whether or not it would allow
shareholders to vote on a Deutsche Börse merger as well as
the proposed deal with NYSE, during a conference call for
Euronext's first half results on 30 August.
Hohn asked that Euronext either disclose its intention to
allow such a vote or should it decide not to, TCI would seek to
use its weight as a 9.95% shareholder in the exchange to bring
that deal to shareholders' attention.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.