(Finance) – Euronext Securities Milan (Monte Titoli) and Spafid (trust company of the group Mediobanca) announced a strategic collaboration in which: Euronext Securities Milan will acquire the Spafid activities linked to the General Meetings, the keeping of the Shareholders ‘Register and technical assistance to the shareholders’ meeting, services used by approximately 200 customers; the two companies will establish a closer collaboration to mutually support the development of their respective core businesses.
For Euronext Securities, the acquisition is an important step to further develop local value-added services for issuers, reads a note, and to realize Euronext Securities’ goal of converging the services of issuers across all its locations, which extend to Denmark, Norway, Portugal and Italy. Spafid is Italy’s leader in wealth management and offers fiduciary and family office services and will continue to focus and expand its core consulting business in the space of corporate services.
“The development of services relating to the management of shareholders ‘meetings and voting by proxy and the shareholders’ register fits perfectly into Euronext Securities Milan’s offer to Italian issuers, in particular listed companies – he commented. Mauro Dognini, CEO of Euronext Securities Milan – Spafid has developed over the years a solid business and an efficient service for its customers. We aim to continue and enhance the level of service by dedicating the utmost attention to the needs of new customers “.
“As a result of this sale, Spafid will be able to specialize even more on pure consulting and operational advisory services with high added value already provided to listed and listed companies – said Paolo Cappugi, CEO of Spafid – Euronext, with its cutting-edge technological platforms developed on a European scale, will be able to further increase the quality of the service provided to companies by Spafid “.” Through this collaboration, Spafid and Euronext are well positioned to become leading players in the market, accompanying companies during the IPO process with best-in-class servicesin line with their respective specializations and strategic missions, “he added.
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