UPDATE 1-Euronext seeking acquisitions to stay competitive

May 13, 2016 7:14 AM

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PARIS May 13 European stock exchange operator Euronext NV said on Friday it was on the lookout for "transformational" tie-ups of its own as rivals Deutsche Boerse AG and London Stock Exchange Group Plc negotiate a $30 billion merger.

Euronext, which operates exchanges in Paris, Amsterdam, Brussels, London and Lisbon, said it would maintain flexibility to spend 150 million euros ($171 million) on acquisitions by 2019 while continuing to pay out half its earnings as dividends.

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