Euronext says Borsa Italiana takeover will boost its earnings

PARIS – Pan-European stock market operator Euronext ENX.PA 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.

“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.