Euronext Group and Nexi S.p.A. today announced the completion of the purchase and sale of the technology businesses currently powering MTS, Euronext’s leading fixed-income trading platform, and Euronext Securities Milan (formerly called Monte Titoli) by Nexi to Euronext, following receipt of approvals from the competent authorities and completion of the union consultation procedure.

As a reminder, Euronext and Nexi announced the signing of the transaction in June 2022. Back then, Euronext said the purchase price will be paid in cash and amounts to circa €57 million.

The deal enables Euronext to fully internalise the technology powering MTS and Euronext Securities Milan and as a result become more agile. Furthermore, it strengthens the core operations of MTS and Euronext Securities Milan, delivering on Euronext’s strategy to create value leveraging its integrated value chain and technology.

Following the Transaction, Nexi will continue to provide technology services to Euronext under transitional arrangements and other services under related commercial agreements.