Euronext Open to "Big Bang" Deal with Deutsche Börse or Stock Exchange Tie-Up

Euronext CEO Stéphane Boujnah is open to a merger with Deutsche Börse or a tie-up of their stock exchange businesses, which could create a European market of "planetary scale." Boujnah sees synergies in combining the German and European equity markets, but a full merger would face regulatory hurdles. Euronext runs stock exchanges in eight countries, while Deutsche Börse operates the Frankfurt stock exchange and Eurex derivatives venue. The potential deal could boost liquidity and competitiveness in European markets amid EU capital markets reform efforts.