Euronext Finishes Acquisition of the Borsa Italiana Group

Euronext, the leading pan-European market infrastructure, announced that it has completed the acquisition of the Borsa Italiana Group for a final consideration of €4,444 million.

Fazzaco has reported that European Commission approved Euronext as a suitable purchaser for the transaction​ at end of February 2021.

The completion of the acquisition successfully creates the leading pan-European market infrastructure and the leading venue for capital markets in Europe.

Euronext holds the opinion that customers, of both Euronext and Borsa Italiana Group, will benefit from the greater size of the new Group, its diversified business mix and strengthened post-trade activities, including a multi-asset clearing house.

From a financial perspective, Euronext believes that the Transaction provides a compelling value proposition for shareholders. For the Financial Year ending 31 December 2020, the pro forma total revenue and income for the Group amounted to €1.4 billion; pro forma EBITDA amounted to €789.7 million and pro forma adjusted net income amounted to €497.6 million.

Euronext intends to leverage its enhanced capabilities to further improve European capital markets and serve as the backbone of the Capital Markets Union in Europe, while at the same time supporting local economies. Local investors, market members and issuers of each Euronext market have access to a significant range of active institutional investors across Europe and worldwide. The Transaction marks an important step towards securing Euronext’s future. It expands the Group’s strategic prospects in a rapidly changing environment and is expected to translate into new opportunities for growth, geographical expansion, business diversification and product innovation.