A merger between Germany’s Deutsche Boerse and the pan-European Euronext exchange seems to be moving closer to reality.
Deutsche Boerse said in a statement that it is “looking forward to entering into concrete negotiations with Euronext management.”
The intention would be “to create a global market leader in the industry.”
Euronext, which owns the Paris, Amsterdam, Brussels and Lisbon stock exchanges, tried to merge with the Frankfurt market last year, but they failed to agree, partly because the Germans wanted the combined entity to be based and regulated in Germany.
If they do come together, it would create the biggest stock market in Europe when measured by the market value of the companies listed.
In the past, both have expressed an interest in buying the London Stock Exchange, which last week rejected a 3.5 billion euro takeover offer from the US company Nasdaq.
Deutsche Boerse also said it now has no plans to bid for the LSE.
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