Euronext committed to working with the government in Mission Unit – Express

“We are attentive to the Unit Mission for the capitalization of the companies (a project created by the government). We are working together. It is not a task to do alone. They have to be involved business associations. It is not something that will happen if we sit waiting “argued Maria João Carioca, the new president of Euronext Lisbon at a meeting with journalists to explain their strategy to the Lisbon square. “Part of our concern is to be positive. We realize that there are many ambitious measures and a long way to go,” he added.

Maria João Carioca admits that there is no miraculous measures to take the bag Lisbon levels 90s where plunged in recent times, but argues that “there are many small measures that are expected to have positive consequences. the context is what it is. uncertainty is brutal,” says the president of Euronext Lisbon. And one of the extra factors of uncertainty is the output of England the European Union, called Brexit.

“I can not say I know the measures of Mission Unit to 100%. Some had already been discussed with the previous government, others are new, “he said. He continued, “Some measures are not of direct intervention and these are the most please us, because we are aware that have consequences in the longer term”

There are measures in Mission Unit that will serve to attract more investors to the market, admitted the manager, without detailing. And he stressed that want a closer to small and medium-sized enterprises (SMEs). “It is one of the processes that need to be worked out”, he said. “But I can not force companies to come Bag”, he said. The Exchange is prepared for an initial public offering of the New Bank, a hypothesis on the table. But on this subject, Maria João Carioca did not mean anything.

“My goal is not volume, prefer a sale made in a consolidated manner,” he said. The president of Euronext Lisbon admits that the PSI 20 index, now only 18 companies, will have to be rethought, but will not be in the short term.

The new president of the Portuguese stock exchange confessed that the last days were of great unrest in Euronext because of Brexit with constant telephone conferences to decide what to do every now and reassure workers Euronext who are in London. The Brexit was a shock. Euronext worked for some time in both scenarios, the permanence and output. Euronext’s pan-European stock exchange platform that brings together the bags of Lisbon, Paris, Amsterdam and Brussels. The Portuguese market is the smallest of the four.

“The role of the City will be rethought and questioned in the near future. The Brexit involves additional complexities, including the regulatory basis,” he explained. Before Maria João Carioca had said that the merger between the London Stock Exchange and Deutsche Borse, a huge challenge for Euronext, may now face some adversity. The management, framework of the Bank of Portugal and former administrator of the case, said that Euronext is aware of the consolidation process and permanently in talks for possible partnerships with their counterparts.