The Euronext (ENX.PA) chief executive’s decision to withdraw a preliminary 5.5 billion euro offer for investment platform Allfunds (ALLFG.AS) may turn out to be a lucky escape. An alternative deal will however require the 7.5 billion euro exchange operator to build a more valuable M&A currency first. The funds platform could have helped investors that already buy shares on Euronext to access a broader range of products. Meanwhile, Allfunds’ shares may fall if it continues to struggle. Euronext shares were up over 4% at 72.34 euros, as of 0953 GMT.

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