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Notiziario Marketpress di
Martedì 26 Settembre 2000 |
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BIRTH OF EURONEXT THE FIRST PANEUROPEAN EXCHANGE
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Milano 26 settembre 2000 - Con una conferenza stampa tenutasi alle 18 all´ Hotel Principe di Savoia di Milano, Michele Calzolari, presidente di Assosim e membro di consiglio della Borsa italiana, ha accolto con un benvenuto l´introduzione di Jean -Francois Theodore, presidente e direttore generale di Euronext. Successivamamente il segretario generale di Euronext Olivier Lefebre ha presentato l´iniziativa. Di seguito riportiamo il comunicato rilasciato in occasione della prima presentazione avvenuta venerdi 22 settembre 2000 ad Amsterdam, Brussels e Parigi. Euronext, the first European exchange created by the merger between Amsterdam Exchanges (Aex) Brussels Exchanges (Bxs) and Parisbourse is officially born, the shareholders of the three exchanges having brought their shares to the merger offer. By 20 September 2000, all the shareholders of Parisbourse and Bxs had contributed their shares to Euronext Nv, the Dutch company incorporated on July 20, 2000 which becomes the top company of the Euronext Group. Similarly, on 21 September, at an extraordinary general meeting, Aexs shareholders voted in favour of the merger. This is the first time world wide that three exchanges from three different countries have merged to create a singie company. Announced in March 2000, Euronext is the first fully integrated cross-border single currency stock, derivatives and commodities market. As of August 30, Euronext lists 1,861 companies representing a total market cap of Euros 2,691 billion and a total annual value of turnover amounting to Euros 1,099 billion. Euronext is the first exchange to offer users a fully integrated trading, clearing and settlement solution on a European basis. Lt will provide : a unified order driven trading platform based on the French system Nsc; a central counterparty and netting and clearing house for ali trades executed on Euronext via Clearnet Sa-based on Clearing 21 technology; a unified settiement and custody piatform with Euroclear. The establishment of Euronext addresses users requirements for increased efficiencies in trading, clearing and settlement. Significant benefits for market users and shareholders arise from:cost savings amounting to Euro 50 million a year mainly from savings in information technology; enhanced liquidity, transparency and price discovery resulting from the creation of a single order book; the use of Clearnet as a central counterparty will significantly reduce users costs by netting the number of settlement instructions and the capital utilisation with respect to their trading activities; a streamlined clearing and settlement process. Euronext offers users a simple and flexibie regulatory environment. Listed companies will remain listed on their current exchanges but all shares will be traded on the single integrated trading platform and the listing requirements will be harmonised. Trading will be regulated with a single rulebook and the take-over rules will continue to be imposed domestically. Euronext equity market will be based on three segments/ blue chips (Euronext 100 and Next 150), high tech stocks (Next economy) and more traditional sectors(M Prime). The Nsc trading system is expected to be implemented in the first half 2001 and full clearing implementation by the end of the second half 2001. For the half-year 2000, Euronext revenues totalled Euros 366. 2 million and net profit after tax was Euros 116. 4 million compared to an income of Euros 598. 1 million and net profit after tax Euros 96 million for the entire year 1999. Euronext intends to be listed on Euronext as soon as it is practicable subject to market conditions. Euronext´s first Supervisory Board (1) meeting chaired by Jan Michiel Hessels, former chairman of the Dutch company Vendex Kkb is held in Amsterdam. Jean-francois Théodore, Chairman of the Managing Board Euronext said: "By uniting our forces, Euronext will create more liquidity and offer more products with a completely technical platform. We belive Euronext answers the needs of our users -companies, intermediaries and investors- and of everyone who wants to make a success of Europe´s financial markets". (1) Supervisory board members are Jan Michiel Hessels (president), Aad Jakobs (N), Han Kleiterp (Ni), Jean Blondeau (F), Dominique Hoenn (F), René de la Serre (F), Jean Peterbroeck (B), André Dirckx (S), Remi Vermeiren (B) . Gianfranco Rosso. . |
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