The Limited Times

Now you can see non-English news...

Stock market: Euronext remains on the lookout for acquisitions

2021-11-08T18:13:51.952Z


ANALYSIS - After having doubled in size with the takeover of the Milan Stock Exchange, the European leader in the equity markets intends to attract other targets.


Milan.

Euronext shows an insatiable appetite.

The group headed by Stéphane Boujnah has just doubled in size and established itself as the European leader in equity markets, offering the Milan Stock Exchange for 4 billion euros.

But he obviously does not intend to stop there.

Euronext, already at the head of the Paris, Amsterdam, Brussels, Lisbon, Dublin, Oslo stock exchanges and therefore, recently, Milan, intends to bring other financial centers into its purse.

For this, the stock exchange operator intends to rely on its federal model, which is unique in Europe, and on unfailing financial discipline.

He unveiled Monday evening in Milan his new strategic plan for 2024. He aims for organic growth of 3 to 4% per year (against 2 to 3% in the previous plan) and an annual increase in its EBITDA (gross surplus operating) from 5 to 6%.

While leading the integration of Borsa Italiana, he is thus placing himself under stricter financial constraints than before.

This article is for subscribers only.

You have 79% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 the first month

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-11-08

You may like

News/Politics 2024-03-13T09:12:21.212Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.