Lisbon stock market losing listed companies
Public acquisition offers (PAO) launched for Sonae Capital, Sonae Industria and Media Capital are threatening to reduce the number of companies listed on Portugal’s stock market Euronext.
Euronext says that it will continue to work hard at explaining to the market the advantages of the capital market and says that it might soon have news about a new listing reports weekend newspaper Expresso.
The three companies are likely to quit the stock market because of investor jitters which have been exacerbated by the losses surrounding Banco Espírito Santo and Portugal Telecom following the PAOs launched by Efanor in the case of the first two, and Cofina in the latter case.
The Euronext company says it would regret the decision but admits that that is the way the market operates and stresses that it is doing everything to attract new companies to list.
And according to the newspaper negócios, the Italian Government could team up with Euronext Lisboa to buy the Italian stock market Borsa Italiana.
At present the Italian stock market is managed by the London Stock Exchange while the Italian state investment bank Cassa Depositi e Prestiti spA would have a share in Euronext according to sources cited by the news agency Bloomberg.