Euronext announces the acquisition of the technology businesses from Nexi’s capital markets activities
14 June 2022 - 3:30PM
Euronext announces the acquisition of the
technology businesses from Nexi’s capital markets
activities
Contacts
Media |
Contact Investor Relations |
Amsterdam |
+31 20 721
4133 |
Brussels |
+32 2 620 15
50 |
+33 1 70 48 24
27 |
Dublin |
+33 1 70 48 24
45 |
Lisbon |
+351 210 600
614 |
|
Milan |
+39 02 72 42 62
12 |
Oslo |
+47 41 69 59
10 |
|
Paris |
+33 1 70 48 24
45 |
|
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|
Euronext announces the acquisition of
the technology businesses
from Nexi’s capital
markets activities
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 purchase of the
technology businesses currently powering MTS, Euronext’s
leading fixed-income trading platform, and Euronext Securities
Milan (formerly called Monte Titoli) by Nexi to
Euronext (the “Transaction”).
The purchase price will be paid in cash and
amounts to c. €57m, subject to customary closing
adjustments.
This Transaction is a new step in Euronext’s
strategy to leverage its integrated value chain as it further
enhances Euronext’s technology competencies and capabilities in
trading and post trade. The Transaction will also strengthen the
core operations of MTS and Euronext Securities Milan, which
joined Euronext in April 2021. With this Transaction,
Euronext internalises the core trading platform of MTS
and its largest IT contract. It enables Euronext to
become more agile and efficient by fully owning the technology
powering MTS and Euronext Securities Milan.
Nexi, the leading PayTech in Europe,
has been a partner of choice of MTS and Euronext
Securities Milan for more than 30 years, powering their
technology. Following
the Transaction, Nexi will continue to provide
technology services to Euronext under transitional arrangements and
other services under related commercial agreements.
The Transaction, which will be realized
through Euronext’s subsidiaries MTS and Euronext Securities
Milan, is expected to close in the second half of 2022 and is
subject to the customary approvals from the competent authorities
and completion of the union consultation procedure.
Renato Martini,
Digital Banking & Corporate
Solutions Director
at Nexi,
said: “This sale, consistent with
our strategy following the mergers with SIA and Nets, will allow us
to focus further on our core business, digital payments,
accelerating our growth in Europe and focusing on the realisation
of synergies."
Stéphane Boujnah, CEO and Chairman
of the Managing Board
at
Euronext, said:
“The planned acquisition of the technology assets driving MTS and
Euronext Securities Milan is a key milestone in the Borsa Italiana
Group integration process. At Euronext, owning the intellectual
property of our critical operations is at the center of
our strategy, to secure the robustness of our operations and to
enable further development and product innovation. We look
forward to welcoming the new teams to the Euronext Group.”
CONTACTS MEDIA –
mediateam@euronext.com |
Aurélie Cohen
(Europe) |
+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 |
ir@euronext.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
issuers and around €6.6 trillion in market capitalisation as of end
March 2022, 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).
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- 20220614_Euronext_Nexi-VF
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