Euronext announces the sale of Oslo Market Solutions
05 June 2021 - 2:09AM
Euronext announces the sale of Oslo Market Solutions
Contacts
Media |
Contact Investor Relations |
Amsterdam |
+31 20 721
4133 |
Brussels |
+32 2 620 15
50 |
+33 1 70 48 24
27 |
Dublin |
+353 1 617
4249 |
Lisbon |
+351 210 600
614 |
|
Milan |
+39 02 72 42 62
12 |
Oslo |
+47 22 34 19
15 |
|
Paris |
+33 1 70 48 24
45 |
|
|
|
Euronext announces the sale of Oslo
Market Solutions
Amsterdam, Brussels, Dublin,
Lisbon, Milan,
Oslo and Paris –
04 June 2021 –
18.00 CET –
Euronext today announced that it has completed the sale of Oslo
Market Solutions (“OMS”) to Infront, a leading European provider of
financial market solutions. OMS is an online market data, investor
relations, portfolio and trading solutions provider in the Nordic
region and was acquired in 2019 as part of the acquisition of Oslo
Børs VPS. OMS generated c. €3.3 million of revenue in 2020.
The sale of OMS was implemented in the context
of the conclusion of a strategic review initiated following the
integration of Oslo Børs VPS and the decision to divest from
non-core activities.
Euronext will continue to work in close
collaboration with OMS to continue delivering best-in-class
services to its clients.
Based on Euronext 2020 full-year results, the
sale of OMS would account for an increase of c.+0.2 pts to Euronext
EBITDA margin. This will translate in 2021 as an additional cost
reduction compared to the mid-single digit decrease in operating
costs exc. D&A expected in 20211.
CONTACTS MEDIA –
mediateam@euronext.com |
Aurélie Cohen
(Europe/Paris) |
+33 1 70 48 24
45 |
parispressoffice@euronext.com |
ANALYSTS & INVESTORS –
ir@euronext.com |
Aurélie
Cohen |
+33 1 70 48 24
27 |
ir@euronext.com |
Clément
Kubiak |
+33 1 70 48 26
33 |
ckubiak@euronext.com |
About Euronext
Euronext is the leading pan-European market
infrastructure, connecting local economies to global capital
markets, to accelerate innovation and sustainable growth. It
operates regulated exchanges in Belgium, France, Ireland, Italy,
the Netherlands, Norway and Portugal. With close to 1,900 listed
issuers worth €5.6 trillion in market capitalisation as of end
March 2021, it has an unmatched blue chip franchise and a strong
diverse domestic and international client base. Euronext operates
regulated and transparent equity and derivatives markets, one of
Europe’s leading electronic fixed income trading markets and is the
largest centre for debt and funds listings in the world. Its total
product offering includes Equities, FX, Exchange Traded Funds,
Warrants & Certificates, Bonds, Derivatives, Commodities and
Indices. Euronext also leverages its expertise in running markets
by providing technology and managed services to third parties. In
addition to its main regulated market, it also operates a number of
junior markets, simplifying access to listing for SMEs. Euronext
provides custody and settlement services through central securities
depositories in Denmark, Italy, Norway and Portugal.
For the latest news, go to euronext.com or follow us on Twitter
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1 2021 cost guidance for Euronext was published on 10 February
2021 in the Full Year 2020 results press release, available at
www.euronext.com/investors
- 20210604_Euronext_OMS_Finale
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