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Euronext Group has finalised acquisition of the expertise companies at present powering MTS and Euronext Securities Milan from Italian expertise supplier Nexi. The transaction was first introduced in June.
The transaction, value €57 million, is anticipated to strengthen the core operations of MTS, Euronext’s fixed-income buying and selling platform, and Euronext Securities Milan.
Nexi, a paytech agency in Europe, has been a accomplice of selection of MTS and Euronext Securities Milan for greater than 30 years, powering their expertise.
The transaction permits Euronext to totally internalise the expertise powering MTS and Euronext Securities Milan, previously Monte Titoli.
It additionally strengthens the core operations of MTS and Euronext Securities Milan, delivering on Euronext’s technique to create worth utilising its built-in worth chain and expertise.
Following the transaction, Nexi will proceed to supply expertise providers to Euronext beneath transitional preparations and different providers beneath associated industrial agreements.
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