Euronext strengthens its Post-Trade business with the acquisition of VP Securities, the Danish Central Securities Depository

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EURONEXT STRENGTHENS ITS POST-TRADE BUSINESS WITH THE ACQUISITION OF VP SECURITIES, THE DANISH CENTRAL SECURITIES DEPOSITORY

• Euronext will acquire c.70% of VP Securities, the Danish CSD operator with more than €1.2tn of assets under custody and 16.6m securities settled in 2019, and opens an offer to all remaining shareholders
• The acquisition of VP Securities in Copenhagen significantly expands Euronext’s footprint in the Nordic region, with c.25% of revenues 2019 proforma¹ coming from the Nordic region, after previously acquiring Oslo Børs VPS and Nord Pool
• The transaction will double Euronext’s central securities depository business in size, further improving Euronext’s revenue mix and marking an important milestone towards Euronext’s strategic goal of building the leading European market infrastructure

Amsterdam, Brussels, Dublin, Lisbon, London, Oslo and Paris – 23 April 2020 – Euronext today announces it has entered into definitive agreements to acquire c.70% of the shares of VP Securities  from its existing owners, the Danish Central Bank and four major Danish financial institutions, Danske Bank, Nykredit, Nordea and Jyske Bank. VP Securities is the Danish Central Securities Depository (CSD), covering fixed income, equity and investment funds, and a key infrastructure helping to finance Denmark’s real economy.