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On 16 May 2007, the Paris based company Fininfo acquired the 49% stake of Euronext Brussels (NYSE Euronext) in the company NextInfo which it did not already hold.
This transaction results from both companies’ strategy to better focus on their core businesses.
In 2002, the Group Fininfo had acquired a 51% stake in NextInfo, the former SVM, Secrétariat des Valeurs Mobilières, which until then was a 100% subsidiary of Euronext Brussels, by creating a joint venture in the field of securities information.
During this 5-year transition period, NextInfo further developed its activities with its Belgian clients, while also expanding its services on the Luxemburg and Dutch markets. This transaction will allow the Fininfo Group to further expand its business in the Benelux countries through its subsidiary NextInfo. All the NextInfo products and services will be maintained and enhanced in order to better serve its clients.
Dominique Leblanc, Managing Director of the Fininfo Group, commented: “Fininfo much appreciated the 5-year cooperation with Euronext Brussels within the company NextInfo. This cooperation allowed for a consolidation of its market share and a further development of its activities in the Benelux countries. The dynamism of the Fininfo Group will allow for a further expansion along these lines in the coming years.”
Olivier Lefebvre, Member of the Management Committee, NYSE Euronext, said:
“Euronext Brussels has enjoyed contributing to the expansion of NextInfo on the Benelux markets. NextInfo’s clients will continue to benefit from the competence and expertise of Fininfo and the further development of its products and services.”
