Bulletin: Euroclear's Planned Acquisition Of Inversis Is Consistent With Its Strategy

PARIS (S&P Global Ratings) July 23, 2024--S&P Global Ratings said today that it sees Euroclear's (Euroclear Bank S.A./N.V.; AA/Stable/A-1+) acquisition of a minority stake in Spanish funds business Inversis as consistent with the group's strategic growth focus. We estimate that the transaction will lead to only a slight deviation in leverage. Belgium-based clearing and securities settlement group, Euroclear, announced on July 19 that it is acquiring a 49% stake in Inversis from Banca March, with a view to owning the company fully by 2027, subject to regulatory approvals. Inversis offers funds platform services, securities outsourcing, intermediation, funds depository, and various other services to financial institutions and insurance companies. The deal builds on Euroclear's acquisition of MFEX in 2021 and Goji

...PARIS (S&P Global Ratings) July 23, 2024--S&P Global Ratings said today that it sees Euroclear's (Euroclear Bank S.A./N.V.; ##/Stable/A-1+) acquisition of a minority stake in Spanish funds business Inversis as consistent with the group's strategic growth focus. We estimate that the transaction will lead to only a slight deviation in leverage. Belgium-based clearing and securities settlement group, Euroclear, announced on July 19 that it is acquiring a 49% stake in Inversis from Banca March, with a view to owning the company fully by 2027, subject to regulatory approvals. Inversis offers funds platform services, securities outsourcing, intermediation, funds depository, and various other services to financial institutions and insurance companies. The deal builds on Euroclear's acquisition of MFEX in 2021 and Goji in 2023 as Euroclear expands its end-to-end funds platform. We expect Euroclear's leverage will remain minimal. Measured as S&P Global Ratings-adjusted net debt to EBITDA, the group's...

Bulletin