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Euronext says Borsa Italiana takeover will boost its earnings

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Pan-European stock market operator Euronext said on Friday its planned takeover of Borsa Italiana would boost its earnings, and was expected to be immediately accretive to its adjusted earnings per share (EPS) before synergies.

FILE PHOTO: The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie, near Paris, France, May 14, 2018. REUTERS/Charles Platiau/File Photosaid on Friday its planned takeover of Borsa Italiana would boost its earnings, and was expected to be immediately accretive to its adjusted earnings per share before synergies.

“Thanks to this transaction, Euronext will significantly diversify its revenue mix and its geographical footprint by welcoming the market infrastructure of Italy, a G7 country and the third largest economy in Europe,” Euronext CEO Stéphane Boujnah said.

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