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Euronext N.V. (Euronext) and NYSE Group, Inc. (NYSE: NYX) today received formal approval from Gerrit Zalm, the Minister of Finance of the Netherlands, for their proposed business combination. This formal approval takes the form of declarations of no-objection and an exchange license and follows the declaration from the Minister in December that he was “minded to grant the requested declarations” subject to certain conditions that the parties have been able to satisfy.
Euronext and NYSE Group are delighted to have received the approval, which marks a significant step forward in the process towards creating the first global exchange group.
This authorization is a pre-requisite to the opening of the offer of NYSE Euronext, Inc. to Euronext shareholders and follows:- The agreement of the Chairmen’s Committee of Euronext regulators (5 December 2006),
- The visa of the Autorité des Marchés Financiers (AMF) on the offer document for Euronext N.V.’s shares (18 January 2007),
- The signing of a Memorandum of Understanding between the U.S. Securities and Exchange Commission (SEC) and the College of Euronext regulators (25 January 2007) .
