Euronext Completes Acquisition of the Borsa Italiana Group

Euronext has today completed the acquisition of the Borsa Italiana Group for a final consideration of €4,444 million.

April 29, 2021 | AtoZ MarketsLeading European exchange operator Euronext announced on Thursday that it has completed its acquisition of Borsa Italiana from the London Stock Exchange Group in a deal worth €4.4 billion ($5.34 billion).

The deal which was first announced in October 2020 received approval from European regulators in March.

Euronext reshuffled its leadership in January to prepare for the takeover of the Italian group.

Stéphane Boujnah, chief executive officer of Euronext, said on Thursday that “the significantly scaled-up Group is now positioned as the leading venue in Europe for listing and secondary markets for both debt and equity financing.”

“In addition, Euronext increases its business diversification with new capabilities in fixed income trading and clearing,” he added.

Euronext’s data center, which should be operational as of 2022, will be based in Bergamo, Italy.

The migration is being planned in response to multiple factors, including the acquisition of the Borsa Italiana Group, the dynamic created by Brexit and a strong rationale to locate the Group’s core data centre in a country where Euronext operates a large business,” Euronext said in a statement.

Moreover, Borsa Italiana today reported stable revenues of €124.1 million for the first quarter of 2021. Euronext, meanwhile, reported revenues up 5% at €249.2 million for the same period.

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