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Euronext Signs Agreement To Acquire 51% of SecFinex

At 01 Jan 2007 13:09:58 in ET-Multidealer Systems, Electronic Trading    Print Article  Email Article   Full content requires subscription 

Euronext has signed an agreement to acquire 51% of SecFinex, in a deal due to close this quarter. The other main shareholders of the European electronic platform for securities lending are Société Générale Corporate & Investment Banking and Fortis Merchant Bank. SecFinex hopes to be able to extend its client base to members of Euronext and Euronext.liffe. Benefits for Euronext clients will include the provision of more efficient, cost effect-ive and automated access to the securi-ties lending market, the partners say.



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