Euronext announces the sale of Centevo
March 22 2021 - 3:00AM
Euronext announces the sale of Centevo
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EURONEXT ANNOUNCES THE SALE OF
CENTEVO
Amsterdam, Brussels, Dublin, Lisbon,
Oslo and Paris – 22 March 2021 – 8.00am
CET – Euronext today announced that it has
completed the sale of Centevo to Profile Software, an international
financial solutions provider. Centevo had been acquired in 2019 as
part of the acquisition of Oslo Børs VPS. Centevo generated
c.€5.5m of revenues in 2020.
The sale of this asset was implemented as part
of a strategic review initiated following the integration of Oslo
Børs VPS and the decision to divest non-core activities.
Centevo provides its clients with a
comprehensive and standardised panel of services to support asset
and fund manager processes, from onboarding of end clients to asset
management services in the Nordic region.
Euronext VPS will continue to work in close
collaboration with Centevo to deliver best-in-class services to
their common clients.
Based on Euronext 2020 full-year results, the
sale of Centevo would account for an increase of c.+0.4 pts to
Euronext EBITDA margin. For 2021, this will result in an
additional cost reduction on top of the mid-single digit
decrease in operating costs exc. D&A previously expected in
20211.
Contacts
Investor Relations:Aurélie
Cohen – Chief Communications and IR OfficerClément Kubiak – IR
Officer
+33 1 70 48 24 27; ir@euronext.com
Media:Aurélie Cohen - Chief
Communications and IR
Officer
+33 1 70 48 24 45; mediateam@euronext.com
About
Euronext
Euronext is the leading pan-European market
infrastructure, connecting local economies to global capital
markets, to accelerate innovation and sustainable growth. It
operates regulated exchanges in Belgium, France, Ireland, The
Netherlands, Norway and Portugal. With close to 1,500 listed
issuers worth €4.5 trillion in market capitalisation as of end
December 2020, it has an unmatched blue chip franchise and a strong
diverse domestic and international client base. Euronext operates
regulated and transparent equity and derivatives markets and is the
largest centre for debt and funds listings in the world. Its total
product offering includes Equities, FX, Exchange Traded Funds,
Warrants & Certificates, Bonds, Derivatives, Commodities and
Indices. Euronext also leverages its expertise in running markets
by providing technology and managed services to third parties. In
addition to its main regulated market, it also operates Euronext
Growth® and Euronext Access®, simplifying access to listing for
SMEs. Euronext provides custody and settlement services through
central securities depositories in Denmark, Norway and Portugal.
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1 2021 cost guidance for Euronext was published on 10 February
2021 in the Full Year 2020 results press release, available at
www.euronext.com/investors
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