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.
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