Euronext N.V. purchases majority stake in VP Securities

Euronext N.V., a pan-European exchange and market infrastructure company, has announced today that they have entered an agreement to acquire c.70% of the share capital in VP Securities A/S.


The agreement was made with VP’s five largest shareholders – Nationalbanken, Danske Bank, Nykredit, Nordea and Jyske Bank. VP’s Board of Directors have, in accordance with the company’s articles of association, approved the transfer of shares.

VP’s Board has continually reviewed VP’s future strategic direction, for the benefit of the company, its shareholders and their customers. To that end, the Board views Euronext as an attractive partner who can strengthen VP’s continued development.

As a result of this transaction, VP will become a part of a leading, pan-European market infrastructure company with extensive expertise within the financial infrastructure value chain, as well as exchanges, central securities depositories (CSDs), corporate actions and other investor services. Euronext already has a presence in the European CSD market through Euronext VPS in Norway and Interbolsa in Portugal.

“In a market that is moving from being predominantly national to becoming more European, the economies of scale will have an even greater significance in terms of being able to offer our customers competitive services and ensure the continued investment in new technologies,” comments Peter Lybecker, Chairman of the Board for VP. “It’s my expectation that the advantages VP Securities will achieve as a part of the Euronext family will strengthen the Danish post-trade services infrastructure.”

The remaining shareholders will have the opportunity to sell their shares to Euronext under similar conditions as the majority shareholders.

The agreement is contingent upon the approval of the Danish Financial Supervisory Authority, and the transaction is expected to be completed at the beginning of Q3 2020.

See the Press Release from Euronext here.

Peter Lybecker
Chairman of the Board

For further information and comment, please contact Peter Lybecker on + 45 4080 3300.