Strategic partnership agreement between Euronext Securities and
Spafid in issuer services
Strategic partnership agreement between
Euronext Securities and Spafid
in issuer
services
Milan –
3 March
2022 – Euronext Securities Milan
(Monte Titoli) and Spafid today announce the agreement for a
strategic partnership whereby:
i) Euronext
Securities Milan will acquire the General Meetings, Designated
Representative, and Shareholder’s Registers activities of Spafid,
solutions trusted by approximately 200 clients, and
ii) Euronext
Securities Milan and Spafid will establish a closer cooperation
aimed at mutually support the development of their respective core
businesses.
For Euronext Securities, the acquisition is an
important step to further develop local added-value services to
issuers, and to deliver on Euronext Securities’ ambition to
converge issuers services across all its locations – now spanning
across Denmark, Norway, Portugal and Italy.
Spafid will focus on its core business of
advisory and consultancy tailormade services built around human
talent and superior client relationship, while benefitting from a
closer cooperation with Euronext.
The activities of Spafid acquired by Euronext
securities Milan cover:
-
General Meetings: the full logistic management of Italian issuer’s
general meetings;
-
Designated Representative: proxy voting management;
-
Shareholder’s Registers: management of shareholders' register and
other financial instruments’ register on their behalf.
Euronext Securities is already providing similar
services in Denmark and Norway, and this acquisition marks an
important milestone of the Euronext ‘Growth for Impact 2024’
strategy, to pan-Europeanise and scale up Euronext Securities, and
specifically to expand added-value services towards financial
institutions and issuers across all its locations. In Italy, the
integration of these activities in Euronext Securities Milan
provides clients with the benefit of a comprehensive and end-to-end
management of the entire shareholder process.
Spafid is a leading player in the Italian wealth
management space, offering fiduciary, trustee family offices
services to a wide range of clients and will continue to focus and
expand on its core advisory and consultancy business in the
Corporate services space.
Mauro Dognini, CEO of Euronext Securities Milan,
said: “The development of services related to the management of
shareholders meetings and proxy voting, and the shareholders
register is a perfect fit for Euronext Securities Milan’s offering
to Italian issuers, in particular for listed companies. Over the
years Spafid has developed a solid business and an efficient
service for its customers and we endeavour to improve the service
level by dedicating the utmost attention to the needs of new
customers”.
Paolo Cappugi, CEO of Spafid, said: “The
market’s need for shareholder register book-keeping activities and
assistance in staging annual general meetings is set to change and
develop in the future in terms of the technology and operating
systems used. As a result of this sale, Spafid will be able to
further specialise in the pure, high value-added operational
advisory and consultancy services already provided to listed
companies and those at the listing phase. Euronext, with its
cutting-edge technology platforms developed on a European scale,
will be able to further enhance the quality of the service provided
to companies by Spafid. Through this co-operation, Spafid and
Euronext are well positioned to become leading market players,
accompanying companies in the process of listing with best-in-class
services consistent with their respective specializations and
strategic missions”.
Notes to Editors:
1 The transaction is subject to the completion
of the information and union consultation procedure. The closing is
expected in Q2 2022.
Contacts Euronext |
Contact Mediobanca |
Italy Press
office |
Italypressoffice@euronext.com |
Media
Relations |
media.relations@mediobanca.com |
About Euronext Euronext is the
leading pan-European market infrastructure, connecting European
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 2,000 listed equity issuers and around €6.9 trillion in
market capitalisation as of end December 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. The Group provides a
multi-asset clearing house through Euronext Clearing, and custody
and settlement services through Euronext Securities central
securities depositories in Denmark, Italy, Norway and Portugal.
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.For the
latest news, go to euronext.com or follow us on Twitter
(twitter.com/euronext) and LinkedIn (linkedin.com/euronext).
About
Spafid
Spafid is the Mediobanca Group’s historical
fiduciary company, registered with the Bank of Italy as required
under ex-Article 106 of the Italian Banking Act. For decades it has
provided top quality corporate services to a large number of
institutions and in more recent years has further expanded to
fiduciary management of high net worth individual wealth. The
Mediobanca group is a premier specialized financial group offering
Wealth Management, Consumer Banking and Corporate & Investment
Banking services. Its impeccable reputation in Italy is the result
of nearly eight decades of success driven by a responsible and
sustainable approach to business and services that meet the highest
standards of excellence.
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- Strategic partnership agreement between Euronext Securities and
Spafid in issuer services_03March2022
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