The data center of the largest stock exchange in Europe will be in the province of Bergamo

The data center of the largest stock exchange in Europe will be in the province of Bergamo

Euronext acquired Borsa Italiana by paying 4.4 billion euros to the London Stock Exchange: the data center will be housed in the Aruba facility in Ponte San Pietro

Borsa Italiana (Gian Mattia D'Alberto / lapresse) Seven markets shares managed, 1,870 listed companies, a total capitalization of 5,100 billion euros: these are some numbers of the economic reality that gravitates to Euronext, the first market for equity financing in Europe, operating in Amsterdam, Brussels, Dublin, Lisbon, Oslo, Paris and from 29 April also in Milan. The group completed the acquisition of 100% of Borsa Italiana paying 4.4 billion euros to the London stock exchange group, with which Piazza Affari had carried out a merger since 2007. The operation was allowed by the entry into the capital of Euronext by Banca Intesa and Cassa Depositi e Prestiti Equity, the group's holding company 83% owned by the Ministry of Finance.

Euronext is thus configured as a leading pan-European market infrastructure in the post- Brexit, first place in equity financing with over 63.6 billion euros raised in 2020 by investors to finance companies, leaders in secondary markets in Europe, with around 12.2 billion euros of cash equities and ETFs traded on a daily basis . And some of the most important activities of the group will be concentrated in Italy, such as the data center, the main physical infrastructure, with the related investments in technology that will have to move from London to Ponte San Pietro.

The data centers today host the stock markets and the transfer decided by Euronext from London to the town in the province of Bergamo depends on the desire to place it in a country where the group has large activities, as well as on dynamics triggered by Brexit. Hence the decision to place it in the largest structure of this type in Italy, (200 thousand square meters), the Global Cloud Data Center (IT3) in Aruba. The first part of the migration, subject to the approval of the authorities and operational aspects, is set for 2022 and has been designed so that the passage of the Borsa Italiana markets on the Optiq trading platform is ready by 2023.

Among other activities in Italy, the clearing services and the exchange of fixed income financial securities will be based, the group financial manager will be based in Milan. The operation saw the central role of Cdp Equity which acquired 7.3% of Euronext, with the subscription of a reserved capital increase of 491 million euros, thus becoming the first shareholder with the same stake as the French counterpart Caisse des Depots et Consignations (Cdc).

A move, also approved by the Chamber in recent days, deemed necessary to support an essential financial infrastructure, since Borsa Italiana is the main hub for raising capital equity and bond by Italian companies. Intesa Sanpaolo acquired 1.3% of Euronext's share capital in the same way. Both will join the body that groups Euronext's relevant shareholders, the Reference Shareholders, becoming an integral part of the governance structure.

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