In a guest article in the 1994 annual report of the Amsterdam Exchanges NV, Mr Paul Koster of accountants Coopers & Lybrand warns that the number of European Stock Exchanges will drop from its current 32 to eight following the introduction of a single currency.
He writes that European exchanges are already competing with each other for new listings and that the competition will intensify with the introduction of a single currency which may be just five years away. As a result the number of bourses will be dramatically reduced.
In the case of Amsterdam, Koster believes, it has successfully faced up to competition and has already attracted new listings such as telecommunications group KPN and services group Vendex. But he adds that Amsterdam could also benefit further by launching more family controlled firms on the bourse which would increase the ASE's clout and at the same time give the Dutch economy a major boost.
For more information, please contact: Th. J.A. Hoedemakers, Public Relations/Public Affairs, Amsterdam Exchanges NV, Tel +31 20 523 4014; Paddy Manning, St James Corporate Communications, Tel: 0171-436 4101.
For further information on the Amsterdam Exchanges NV please contact Joost Maas on +31 20.5234567.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Copyright Mondaq Ltd 1995 Tel +44 171 820 7733.
He writes that European exchanges are already competing with each other for new listings and that the competition will intensify with the introduction of a single currency which may be just five years away. As a result the number of bourses will be dramatically reduced.
In the case of Amsterdam, Koster believes, it has successfully faced up to competition and has already attracted new listings such as telecommunications group KPN and services group Vendex. But he adds that Amsterdam could also benefit further by launching more family controlled firms on the bourse which would increase the ASE's clout and at the same time give the Dutch economy a major boost.
For more information, please contact: Th. J.A. Hoedemakers, Public Relations/Public Affairs, Amsterdam Exchanges NV, Tel +31 20 523 4014; Paddy Manning, St James Corporate Communications, Tel: 0171-436 4101.
For further information on the Amsterdam Exchanges NV please contact Joost Maas on +31 20.5234567.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Copyright Mondaq Ltd 1995 Tel +44 171 820 7733.
