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Euronext's net profit falls on Oslo Bors acquisition charges

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By Reuters
Euronext's net profit falls on Oslo Bors acquisition charges
The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie, near Paris, France, May 14, 2018. REUTERS/Charles Platiau   -   Copyright  CHARLES PLATIAU(Reuters)
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PARIS (Reuters) – Pan-European stock exchange operator Euronext <ENX.PA> said on Wednesday its net profit fell during the second quarter after it booked a charge related to an acquisition in Norway.

Euronext’s second-quarter net fell 4.4% to 53.4 million euros, following a 10 million euro charge mainly related to the acquisition of Oslo Bors, the Norwegian stock market.

The company also attributed the decline to postponed dividends from its stake in Euroclear, Europe’s biggest stock and bond settlement house, and to increased financing expenses.

Euronext said its overall revenue rose 1.8% to 159 million euros.

(Reporting by Inti Landauro; Editing by GV De Clercq)

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