Euronext ready for deals as it looks to new markets

Euronext Dublin

Stock markets operator Euronext said on Thursday it was open to transformational deals in a bid to boost its dominance in the European capital markets union, Reuters reported.

Among bolt-on acquisitions, Euronext said it was interested in investing in post trade services, new asset classes in commodities and advanced data services, such as new ESG-based indices. 

Earlier this year, Euronext bought Norwegian stock exchange Oslo Bors for 700 million euros ($770 million).

Euronext unveiled a new set of financial targets for 2019-2022, saying it aimed to grow sales by 2% to 3% a year over the period. 

Euronext, which operates stock exchanges in Amsterdam, Brussels, Dublin, Lisbon and Paris, also said it aims to reach an organic EBITDA margin above 60% in 2022 which would compare with a pro-forma EBITDA margin of 57% in 2018. 

It said it had several hundreds of millions of euros available for acquisitions and could possibly tap equity markets to bring its potential budget up to more than 2 billion euros for a business that would “transform its revenue model.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.