Eurex will next week launch Europe's first swap future but won't be alone for long
Napoleon famously preferred lucky generals to good ones and
his fellow Frenchman Xavier Rolet might this week share that
view as he took a vital step to his acquisition of the US Frank
The LSE successfully launched a rights issue to raise the
£940m it needs to forge ahead with its £1.6bn
takeover of the US index giant, leaving the trade needing only
shareholder and regulatory approval to complete, neither of
which will be a problem.
There are no competition issues as the LSE’s
existing index asset, FTSE Group, is far stronger outside of
the US than in that country and his shareholders love Rolet at
the moment with the share price trading around an all-time high
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