PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2006/51 - NYSE GROUP/EURONEXT NV
Participant
Euronext N.V.
Description
Euronext is company, under Dutch law, that was constituted as a result of a merger between the Amsterdam, Brussels and Paris stock exchanges. It is quoted on the Paris stock exchange. In 2002 it expanded its activity by acquiring the London International Financial Futures and Options Exchange, a London-based derivatives market, and the Portuguese stock exchange, the Bolsa de Valores de Lisboa e Porto. At that time, the name of the latter was changed to Euronext Lisbon.
Acquired
NYSE Euronext Inc.
Description
NYSE Euronext will be the joint NYSE Group and Euronext holding company that results from the merger notified.
Participant
NYSE Group Inc.
Description
The NYSE Group is a quoted company, under US law, registered in the State of Delaware and established as a result of the merger between New York Stock Exchange, Inc. and Archipelago Holdings, Inc., which, through their subsidiaries, manage two stock exchanges: NYSE (operated by New York Stock Exchange LLC) and NYSE Arca (operated by NYSE Arca, Inc.)
Sector
  • Banking, Financial and Insurance activities
Activity (NACE)
  • K64 - Financial service activities, except insurance and pension funding
Applicable legislation
Art. 9(1)(a) (Law 18)
Notification thresholds
Market share
Type of merger
Horizontal
Cooperation with sector regulators
  • CMVM - Securities Market Commission
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 23 October 2006, with effect only on 9 November 2006, this concentration consists of a merger between the activities of NYSE Group Inc. (henceforth "NYSE Group") and Euronext NV (henceforth "Euronext"), at an international level. On the basis of the Combination Agreement signed in accordance with the legislation of the State of Delaware, the two formerly independent undertakings will become subsidiary companies of a joint holding company, NYSE Euronext Inc. (henceforth "NYSE Euronext"), by means of an exchange offer and a merger.
Timeline
2006-12-22
COMPETITION AUTHORITY approves the merger of the activities of NYSE Group Inc. and Euronext NV at an international level
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