Euronext suspends trading pending court verdict

Netherlands-based exchange group Euronext NV has suspended trading in its shares with immediate effect pending a Dutch court verdict over consolidated capital requirements.

Euronext said shares would be suspended until it received a verdict on appeal proceedings.

“This is a precautionary action pending a verdict that is to be received later this morning from the District Court of Rotterdam, The Netherlands in the appeal procedure between Euronext NV and Euronext Amsterdam NV and the Dutch Minister of Finance related to the consolidated capital requirements,” it said.

The group, which operates exchanges in London, Paris, Amsterdam, Brussels and Lisbon, said that following an analysis of the verdict which may or may not be a final decision, it will issue a statement after which trading will resume as soon as possible.