Euronext, in the 100 million synergies plan with Borsa Italiana

(ANSA) – MILAN, 08 NOV – In the plan to 2024 Euronext aims to increase the group’s revenues between 3 and 4% and Ebitda between 5 and 6% with an unchanged dividend policy therefore with a pay -out equal to 50% of the profit.

The goal of the synergies in the three-year period is an increase of 67% to 100 million above all thanks to the planned European expansion of the clearing activities of CC&G (Cassa di Compensazione e Garanzia) and the migration of the Euronext Core Data Center from London to Bergamo. More than 55% of the synergies are linked to growth projects. Total implementation costs are estimated at 160 million.

“Euronext is now stronger, with a presence across the value chain, and ready to build Europe’s leading market infrastructure,” said Stéphane Boujnah, CEO of Euronext (ANSA).

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Source From: Ansa

Martin

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