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Euronext announces the sale of Oslo Market Solutions
Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Parisian – 04 June 2021 – 6:00 p.m. HEC – Euronext announced today that it has completed the sale of Oslo Market Solutions (“OMS”) to Infront, a leading European provider of financial market solutions. OMS is a provider of online market data, investor relations, portfolio and trading solutions in the Nordic region and was acquired in 2019 as part of the acquisition of Oslo Børs VPS. WHO generated c. 3.3 M € turnover in 2020.
The sale of OMS was implemented as part of the conclusion of a strategic review initiated following the integration of Oslo Børs VPS and the decision to withdraw from non-strategic activities.
Euronext will continue to work closely with OMS to continue to provide top notch services to its clients.
Based on Euronext 2020 annual results, the sale of OMS would represent an increase of approximately +0.2 points in Euronext’s EBITDA margin. This will translate into a further cost reduction in 2021 compared to the average single-digit decrease in operating costs excluding VAT. D&A expected in 20211.
Euronext is the main 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, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers with a market capitalization of 5,600 billion euros at the end of March 2021, it has a first-class franchise and a strong and diversified national and international clientele. Euronext operates regulated and transparent equity and derivative markets, one of the leading electronic fixed income trading markets in Europe and the world’s largest debt and fund listing center. Its total product offering includes stocks, currencies, exchange traded funds, warrants and certificates, bonds, derivatives, commodities and indices. Euronext also relies on its expertise in market management by providing technologies and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Italy, Norway and Portugal.
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1 Euronext’s cost forecasts for 2021 were published on February 10, 2021 in the 2020 annual results press release, available at www.euronext.com/investors