Olivier Legrain (Chairman)
47-592: Mersen , previously called Carbone Lorraine , is a French international company in electrical power and advanced materials. In 1937, the company was admitted to Bourse de Paris . Mersen, previously named Carbone Lorraine (until May 20, 2010), was created in 1891 by the Compagnie lorraine de charbons pour l’électricité in Pagny-sur-Moselle ( Lorraine ), where the Group still owns a plant. In 1937, it merged with Le Carbone,
94-614: A consolidated tape for the European Union , as part of the Capital Markets Union proposed by the European Commission . Listing of Euro Stoxx 50 companies as of 2021: Euronext operates its main regulated market, as well two types of multilateral trading facilities (MTFs) providing access to listing for small and medium-sized enterprises (SMEs), titled Euronext Growth and Euronext Access . Euronext maintains
141-518: A 17th-century mathematician and philosopher, and is also the acronym for Material, Electrical, Research, Sustainable, Energy. Luc Themelin is Mersen’s Chief Executive Officer since May 11, 2016. He joined Mersen in 1993 as a Research and Development engineer. In 2018, the Group announced having won a contract with Longi, one of the Group’s historical partners in the solar market in China. In 2020, Mersen announced
188-462: A combination of $ 11.27 in cash per share plus .1703 shares of stock. The acquisition is subject to regulator approval, though since the operations of ICE and NYSE have little in common—ICE is largely devoted to trading commodities, as opposed to NYSE's business of trading stocks and securities—the deal is not expected to be blocked. ICE said that after the deal closed it would sell the Euronext portion of
235-661: A company based in Gennevilliers, ( Hauts-de-Seine ) where the Group kept and operated the original plant. La Compagnie lorraine de charbons pour l’électricité was founded in Meurthe-et-Moselle in1891. It first manufactured motors, dynamos and lighting lamps before producing « carbons » for electric lighting. At the same time, Le Carbone, founded in 1892 in Paris , produced brushes for electric motors. In 1893, Charles Street, an engineer at Le Carbone, discovered and patented
282-574: A consortium of eleven investors decided to invest in the company as "reference shareholders". These investors owned 33.36% of Euronext's capital and have a 3 years lockup period: Euroclear , BNP Paribas , BNP Paribas Fortis , Société Générale , Caisse des Dépôts , BPI France , ABN Amro , ASR, Banco Espirito Santo , Banco BPI and Belgian holding public company Belgian Federal Holding and Investment Company [ fr ] (SFPI/FPIM). They have 3 board seats. In June 2014, EnterNext launched two initiatives to boost SME equity research and support
329-544: A listed company itself after completing its initial public offering. In December 2001, Euronext acquired the shares of the London International Financial Futures and Options Exchange (LIFFE), forming Euronext.LIFFE. In 2002, the group merged with the Portuguese stock exchange Bolsa de Valores de Lisboa e Porto (BVLP), renamed Euronext Lisbon . In 2003, Euronext cash products were integrated onto
376-582: A number of companies, including Company Webcast (webcasting) , iBabs (board portal), InsiderLog (compliance software) . In 1998, the London Stock Exchange and Deutsche Börse announced their intention of forming an alliance to fend off competition from the United States, and take advantage from the European Union's (EU) single currency and harmonisation of financial markets . In April 1999
423-471: A number of competitors such as Ferraz, one of the biggest manufacturers of fuses and electrical protection systems. Then, it took the control of Stackpole, which led it to become one of the world leaders in graphite production. In 1995, Pechiney sold 21% of its stake to Paribas Affaires Industrielles (PAI). In the following years, Carbone Lorraine strengthened its position by making acquisitions in Europe and in
470-542: A plan for Euronext to compete more effectively on the Dutch retail segment. In May 2017, Alternext was renamed to Euronext Growth. On 14 August 2017, Euronext announced the completion of its acquisition of FastMatch, a currency trading platform. On 27 March 2018, Euronext announced the completion of its acquisition of the Irish Stock Exchange. On 18 June 2019, Euronext announced the completion of its acquisition of
517-631: A rival offer for the European Stock exchange operator from Deutsche Börse , the German stock market. Contrary to statements that it would not raise its bid, on 23 May 2006, Deutsche Börse unveiled a merger bid for Euronext, valuing the pan-European exchange at €8.6 billion (US$ 11b), €600 million over NYSE Group's initial bid. Despite this, NYSE Group and Euronext penned a merger agreement, subject to shareholder vote and regulatory approval. The initial regulatory response by SEC chief Christopher Cox (who
SECTION 10
#1733106928507564-448: A single order book at its proprietary market platform Optiq . Euronext manages various country (national), as well as pan-European regional and sector and strategy indices. Euronext FX is a global foreign exchange trading platform, known as FastMatch until 2019. Euronext offers trading in a number of commodities, including: Euronext operates derivatives markets. Euronext is the largest centre for debt and funds listings in
611-591: A single platform (NSC). In 2004, Euronext derivatives products were integrated onto LIFFE CONNECT . In 2005, Euronext introduced Alternext as a market segment to help finance small and mid-class companies in the Eurozone. Due to apparent moves by NASDAQ to acquire the London Stock Exchange or Euronext itself, NYSE Group, owner of the New York Stock Exchange (NYSE), offered €8 billion (US$ 10.2b) in cash and shares for Euronext on 22 May 2006, outbidding
658-448: A strategy most suited to support their growth. The ICE's deal was approved by the shareholders of NYSE Euronext and Intercontinental Exchange on 3 June 2013. The European Commission approved the acquisition on 24 June 2013 and on 15 August 2013 the US regulator, SEC, granted approval of the acquisition. European regulators and ministries of Finance of the participating countries approved
705-505: Is registered in Amsterdam but its operational headquarters are located in Paris . It operates major stock exchanges in seven countries: France ( Euronext Paris ), the Netherlands ( Euronext Amsterdam ), Belgium ( Euronext Brussels ), Ireland ( Euronext Dublin ), Portugal ( Euronext Lisbon ), Italy ( Borsa Italiana ) and Norway ( Euronext Oslo Børs ). Euronext traces its origins back to
752-719: Is the largest center for debt and funds listings in the world, and provides technology and managed services to third parties. In addition to its main regulated market, it operates Euronext Growth and Euronext Access , providing access to listing for small and medium-sized enterprises . Euronext's commodity market includes the electric power exchange Nord Pool , as well as Fish Pool . Post-trade services include clearing performed by Euronext's multi-asset clearing house , Euronext Clearing , headquartered in Rome , as well as custody and settlement performed by Euronext's central securities depository (CSD), Euronext Securities . Euronext
799-466: The Italian Bourse in 2021, Euronext obtained the multi-asset clearing house Cassa di Compensazione e Garanzia S.p.A. (CC&G). CC&G was renamed Euronext Clearing . Euronext Corporate Services (ECS) is a wholly-owned subsidiary of Euronext. Founded in 2016, ECS provides solutions and services to more than 4,000 organisations, ranging from corporates to the public sector. It has acquired
846-553: The London Stock Exchange Group (LSEG) entered into exclusive talks to sell the Italian Bourse (formally 100% of London Stock Exchange Group Holdings Italia S.p.A. ), situated in Milan , to Euronext. As part of the deal, CDP Equity, 100% owned by Cassa Depositi e Prestiti , and Intesa Sanpaolo would become Euronext reference shareholders. A €4.3 bn deal was announced on 9 October. On 29 April 2021, Euronext announced that
893-692: The Oslo Stock Exchange . On 5 December 2019, Euronext announced that it would acquire 66% of the European power exchange Nord Pool . The acquisition was completed on 15 January 2020. On 23 April 2020, Euronext announced that it would acquire ca. 70% of the Danish Central Securities Depository, VP Securities . The acquisition was completed on 4 August 2020. On 18 September 2020, as part of regulatory remedies to see through its $ 27 billion purchase of data provider Refinitiv ,
940-514: The Tulip mania . The price collapsed on October 1. In the seventeenth century, the Dutch were the first to use the stock market to finance companies. The first company to issue stocks and bonds was the Dutch East India Company , introduced in 1602. The London Stock Exchange started operating and listing shares and bonds in 1688. The Paris Stock Exchange was founded in 1724. In 1774,
987-835: The renewable energies (solar, wind), the semi-conductors , the electric vehicles , or the railways . To this end, the group is structured around two segments. The Advanced Materials segment which develops equipment and technologies for high temperature resistance, protection against corrosion and Electric Power Transfer. The other segment focuses on the Electrical Power with power conversion and equipment and people protection. Mersen has 53 manufacturing sites in 35 countries on five continents: 22 sites in Europe, 13 in North America and Asia-Pacific and 5 in South America and Africa. The Group has also 18 R&D centers. The percentage of
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#17331069285071034-738: The 2021 turnover of 923 M€ by region is: 34.5% in Europe, 32.5% in North America, 30% in Asia Pacific, 3% in South America and Africa. List of major shareholders as of October 30, 2021. Bourse de Paris Euronext N.V. (short for European New Exchange Technology ) is a European bourse that provides trading and post-trade services for a range of financial instruments. Traded assets include regulated equities , exchange-traded funds (ETF), warrants and certificates, bonds , derivatives , commodities , foreign exchange as well as indices . In December 2021, it had nearly 2,000 listed issuers worth €6.9 trillion in market capitalisation. Euronext
1081-525: The Italian Republics of Genoa , Florence and Venice , conducted business in the late medieval period. The building, which was established by Robert van der Beurze as a hostelry, had operated from 1285. Its managers became famous for offering judicious financial advice to the traders and merchants who frequented the building. This service became known as the "Beurze Purse" which is the basis of bourse , meaning an organized place of exchange. Eventually,
1128-509: The Netherlands, Belgium, Portugal, Ireland, and Norway. Its creation was followed by the introduction of the single currency and harmonisation of financial markets. The present day Euronext was spun off from the Intercontinental Exchange (ICE) in 2014, shortly after ICE's acquisition of NYSE Euronext the year before. On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide
1175-619: The United States, in particular in 1999 the acquisition of the Gould-Shawmut Protection Electrique division; enabling it to become a leader in power semiconductor protection. Paribas sold its Carbone Lorraine shares on the market in 2005. In May 2010, the General Shareholders' Meeting approved the change of name of the group proposed by management. Carbone Lorraine became Mersen. This name is a tribute to Marin Mersenne,
1222-651: The United States. Regulators also started using the term trading venue to describe the wider definition which encompasses both traditional exchanges and electronic exchanges. Exchanges bring together brokers and dealers who buy and sell these objects. These various financial instruments can typically be sold either through the exchange, typically with the benefit of a clearing house to reduce settlement risk . Exchanges can be subdivided: In practice, futures exchanges are usually commodity exchanges, i.e., all derivatives , including financial derivatives, are usually traded at commodity exchanges. This has historical reasons:
1269-472: The acquisition was completed. Exchange (organized market) An exchange , bourse ( / b ʊər s / ), trading exchange or trading venue is an organized market where (especially) tradable securities , commodities , foreign exchange , futures , and options contracts are bought and sold. In the twelfth century, foreign exchange dealers in France were responsible for controlling and regulating
1316-553: The building became solely a place for trading in commodities. During the 18th century, the façade of the Huis ter Beurze was rebuilt with a wide frontage of pilasters . However, in 1947 it was restored to its original medieval appearance. In the thirteenth century, the Lombard bankers were the first to share state claims in Pisa, Genoa, and Florence. In 1409, the phenomenon was institutionalized by
1363-539: The company, including stock exchanges in Amsterdam, Brussels, Lisbon and Paris. The deal went through and Euronext is a sister division to NYSE and part of ICE. ICE CEO Jeffrey Sprecher would continue in that position at the combined company, while NYSE CEO Duncan Niederauer would serve as president. The future of the New York Stock Exchange's historic trading floor under ICE has not been announced. ICE closed
1410-422: The courts required that it be shouted to improve the transparency of operations. In the nineteenth century, the industrial revolution enabled rapid development of stock markets, driven by the significant capital requirements for the finance industry and transport. Since the computer revolution of the 1970s, there has been a dematerialization of securities traded on the stock exchange. In 1971, Nasdaq became
1457-649: The creation of Euronext London to offer listing facilities in the UK. As such, Euronext received in June 2014 Recognized Investment Exchange (RIE) status from Britain's Financial Conduct Authority. On 20 December 2012, the boards of directors of both Intercontinental Exchange (ICE) and the NYSE Euronext approved an $ 8 billion acquisition of NYSE Euronext. Under the terms shareholders of NYSE would receive either $ 33.12 in cash for each share or .2581 IntercontinentalExchange Inc. shares, or
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1504-786: The creation of the Exchange Bruges. It was quickly followed by others, in Flanders and neighboring countries (Ghent and Amsterdam). It is still in Belgium and the first building designed to house a scholarship was built in Antwerp. The first scholarship organized in France was born in Lyon in 1540. The first documented crash took place in 1636 in Holland. The prices of tulip bulbs reaching excessively high levels, known as
1551-436: The deal and on 13 November 2013 the acquisition was completed. Part of ICE's deal to acquire NYSE Euronext was a spin-off for Euronext, which was considered a positive element for European stakeholders. After a complex series of operations, this occurred on 20 June 2014, through an initial public offering (IPO). The former Euronext.LIFFE was retained by ICE and renamed ICE Futures Europe . In order to stabilise Euronext,
1598-589: The debts of agricultural communities on behalf of banks. These were actually the first brokers. They met on the Grand Bridge in Paris, the current Pont au Change . It takes its name from the forex brokers. The term bourse is related to the 13th-century inn named " Huis ter Beurze " owned by Van der Beurze [ nl ] family in Bruges , Belgium , where traders and foreign merchants from across Europe, especially
1645-639: The high profile and historic trading floors of its other earlier acquisitions, the International Petroleum Exchange and the New York Board of Trade in New York. In December 2012 Intercontinental Exchange (ICE) announced plans to acquire NYSE Euronext, owner of Euronext, in an $ 8.2 billion takeover. In May 2013, Euronext established Enternext as a subsidiary to help small and medium-size enterprises (SMEs) listed on Euronext outline and apply
1692-627: The process of carbon graphitization which allowed the manufacture of synthetic graphite. He patented his idea under the title « Continuous electric furnace system » During the 80s, Groupe Pechiney acquired a majority stake (61 percent) in Carbone Lorraine and financed an expansion and diversification process. The company expanded beyond its core production of graphite brushes, starting to manufacture carbon–carbon disc brakes for racing motorcycles and developing specific components for nuclear and aerospace industries In addition, it acquired
1739-533: The signature of a long-term agreement with the Marquardt Group . In 2021, Mersen announced the signing of an order worth more than 2 million euros with RongXin Power Electronic. That year, Mersen also announced a strategic technical partnership with Soitec to develop a new family of silicon carbide substrates for the electric vehicle market. Mersen provides its products and solutions to many markets like
1786-532: The stock exchanges in Paris , Zurich , Madrid , Brussels , Amsterdam , and Milan signed a memorandum of understanding in Madrid, which formalised plans to include these bourses as well. Ultimately, only three decided to proceed, and on 22 September 2000 Euronext was formed following a merger of the Amsterdam Stock Exchange , Brussels Stock Exchange , and Paris Bourse . In 2001, Euronext became
1833-403: The technology sector. EnterNext partnered with Morningstar to increase equity research focusing on mid-size companies, especially in the telecommunications, media and technology (TMT) sector. On 22 September 2014, Euronext announced a partnership with DEGIRO regarding the distribution of retail services of Euronext. Upon publishing the third quarter results for 2014, the partnership was seen as
1880-474: The transaction with 98.2% of the vote. Only 1.8% voted in favour of the Deutsche Börse offer. Jean-François Théodore , the chief executive officer of Euronext, stated that they expected the transaction to close within three or four months. Some of the regulatory agencies with jurisdiction over the merger had already given approval. NYSE Group shareholders gave their approval on 20 December 2006. The merger
1927-467: The two exchanges hoped to add Borsa Italiana (the Milan stock exchange) into the grouping. In 2008 and 2009 Deutsche Börse made two unsuccessful attempts to merge with NYSE Euronext. Both attempts did not enter into advanced steps of merger. In 2011, Deutsche Börse and NYSE Euronext confirmed that they were in advanced merger talks. Such a merger would create the largest exchange in history. The deal
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1974-744: The world's first bourses, formed in the Low Countries ' shifting trade centres, Bruges , Antwerp and Amsterdam in 1285, 1485 and 1602, respectively, as well as to the foundation of the Paris Bourse in 1724. In its present form, Euronext was established in September 2000 through the merger of the bourses in Amsterdam, Brussels and Paris. The goal was to create a single, integrated, and liquid market for securities trading across Europe. Since its inception, Euronext has continued to expand, and now operates stock exchanges in several European countries, including France,
2021-476: The world's first electronic stock market. In France, the dematerialization was effective from November 5, 1984. The development of information technology during the late part of the 20th century led to a new type of electronic exchange that replaced the more traditional physical markets. This led to new definitions in financial regulations that recognized these new exchanges, such as the multilateral trading facility in Europe and alternative trading system in
2068-668: The world. Euronext's product range also includes exchange-traded funds . Euronext provides custody and settlement services through its central securities depository (CSD), Euronext Securities , based on Euronext's ownership of previous national CSDs in Denmark, Italy, Norway and Portugal. Between 2016 and 2019 Euronext owned a 20% share in European Central Counterparty N.V. (EuroCCP). As of December 2019, Euronext owns an 11.1% share in LCH SA . As part of its acquisition of
2115-482: Was approved by shareholders of NYSE Euronext on 7 July 2011, and Deutsche Börse on 15 July 2011 and won the antitrust approved by the US regulators on 22 December 2011. On 1 February 2012, the deal was blocked by European Commission on the grounds that the new company would have resulted in a quasi-monopoly in the area of European financial derivatives traded globally on exchanges. Deutsche Börse unsuccessfully appealed this decision. In 2012, Euronext announced
2162-478: Was completed on 4 April 2007, forming NYSE Euronext . The new firm, NYSE Euronext , was headquartered in New York City, with European operations and its trading platform run out of Paris. Then-NYSE CEO John Thain , who was to head NYSE Euronext, intended to use the combination to form the world's first global stock market, with continuous trading of stocks and derivatives over a 21-hour time span. In addition,
2209-429: Was coordinating heavily with European counterparts) was positive, with an expected approval by the end of 2007. Deutsche Börse dropped out of the bidding for Euronext on 15 November 2006, removing the last major hurdle for the NYSE Euronext transaction. A run-up of NYSE Group's stock price in late 2006 made the offering far more attractive to Euronext's shareholders. On 19 December 2006, Euronext shareholders approved
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