Five banks and other investors who have shares in stock market operator Euronext have extended their agreement with the company. The so-called reference shareholders, who jointly hold 23.27 of the shares, hereby promise not to market their shares in the coming two years.
In exchange for that promise, the five parties, including ABN AMRO, will have the right to jointly appoint three of the nine supervisory directors of Euronext. They are also closely involved in the strategy of the stock market operator through periodic meetings and they are asked for advice if the senior executive, operational director or supervisory directors have to be replaced.
With an interest of 0.55 percent, ABN AMRO is the smallest of the five reference shareholders. Caisse des Dépôts and Euroclear both have an interest of 8 percent. Caisse des Dépôts recently purchased shares from both ABN AMRO and Société Générale. BNP Paribas Fortis (2.22 percent) and the Belgian state investor Federal Participation and Investment Company (4.5 percent) are also part of the reference shareholders.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.