Euronext announces the acquisition of the technology businesses from Nexi’s capital markets activities

Euronext proclaims the acquisition of the know-how companies from Nexi’s capital markets actions

Amsterdam, Brussels, Dublin, Lisbon, London, Milan, Oslo and Paris – 14 June 2022 – Euronext Group (“Euronext”) and Nexi S.p.A. (“Nexi”) announce the signing of the sale and buy of the know-how companies at the moment powering MTS, Euronext’s main fixed-income buying and selling platform, and Euronext Securities Milan (previously known as Monte Titoli) by Nexi to Euronext (the “Transaction”).

The acquisition value might be paid in money and quantities to c. €57m, topic to customary closing changes.

This Transaction is a brand new step in Euronext’s technique to leverage its built-in worth chain because it additional enhances Euronext’s know-how competencies and capabilities in buying and selling and put up commerce. The Transaction can even strengthen the core operations of MTS and Euronext Securities Milan, which joined Euronext in April 2021. With this Transaction, Euronext internalises the core buying and selling platform of MTS and its largest IT contract. It permits Euronext to develop into extra agile and environment friendly by absolutely proudly owning the know-how powering MTS and Euronext Securities Milan.

Nexi, the main PayTech in Europe, has been a associate of alternative of MTS and Euronext Securities Milan for greater than 30 years, powering their know-how. Following the Transaction, Nexi will proceed to supply know-how providers to Euronext beneath transitional preparations and different providers beneath associated industrial agreements.

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The Transaction, which might be realized via Euronext’s subsidiaries MTS and Euronext Securities Milan, is predicted to shut within the second half of 2022 and is topic to the customary approvals from the competent authorities and completion of the union session process.

Renato Martini, Digital Banking & Company Options Director at Nexi, stated: “This sale, in keeping with our technique following the mergers with SIA and Nets, will permit us to focus additional on our core enterprise, digital funds, accelerating our development in Europe and specializing in the realisation of synergies.“

Stéphane Boujnah, CEO and Chairman of the Managing Board at Euronext, stated: “The deliberate acquisition of the know-how property driving MTS and Euronext Securities Milan is a key milestone in the Borsa Italiana Group integration course of. At Euronext, proudly owning the mental property of our important operations is on the middle of our technique, to safe the robustness of our operations and to allow additional improvement and product innovation. We look ahead to welcoming the brand new groups to the Euronext Group.”

About Euronext

Euronext is the main pan-European market infrastructure, connecting European economies to international capital markets, to speed up innovation and sustainable development. It operates regulated exchanges in Belgium, France, Eire, Italy, the Netherlands, Norway and Portugal. With near 2,000 listed issuers and round €6.6 trillion in market capitalisation as of finish March 2022, it has an unmatched blue chip franchise and a robust numerous home and worldwide consumer base. Euronext operates regulated and clear fairness and derivatives markets, one in every of Europe’s main digital mounted revenue buying and selling markets and is the most important centre for debt and funds listings on this planet. Its complete product providing contains Equities, FX, Change Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group gives a multi-asset clearing home via Euronext Clearing, and custody and settlement providers via Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext additionally leverages its experience in working markets by offering know-how and managed providers to 3rd events. Along with its major regulated market, it additionally operates numerous junior markets, simplifying entry to itemizing for SMEs.
For the most recent information, go to euronext.com or comply with us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer

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