Pan-European stock market operator Euronext and Switzerland's SIX sparked a...
) but has gradually built up scale in equities, operating exchanges including Norway, Netherlands, Belgium and Ireland.
SIX said its proposed purchase would be financed through a combination of existing cash resources and access to capital markets. Attempts at exchange mergers, most recently between the London Stock Exchange and Deutsche Boerse, have collapsed in the face of competition and political opposition, although Euronext managed to beat off a challenge from Nasdaq to buy the Oslo exchange recently.
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