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Irish Stock Exchange to be acquired by Euronext

Dec 01, 2017

Euronext has announced the acquisition of 100% of the shares of the ISE for €137 million (debt free/cash free basis, excluding regulatory capital requirements estimated at €21.8 million).

This acquisition is hoped to strengthen Ireland’s position as a strong European anchor to take advantage of Brexit opportunities and to develop the Irish capital markets ecosystem within a European context.

The acquisition is hoped to deepen ISE ties with mainland Europe, take advantage of Brexit opportunities and "enable our business to build further on its track record of international achievement and capitalise on new market and product opportunities emerging in Europe,” said ISE Chief Executive Deirdre Somers.

The ISE has more than 30,000 securities from 80 countries and 4,000 issuers listed on its markets and will become Euronext's 6th core European country (alongside France, Netherlands, Belgium, Portugal and the UK).

Closing expected in Q1 2018, subject to regulatory approvals.