Euronext, the pan-European stock exchange operator, has recovered almost €100 million of the €167 million cost of acquiring the Irish Stock Exchange seven years ago by way of dividends.
The Irish Stock Exchange, which trades as Euronext Dublin, flagged in its latest annual financial statement that it would pay a €17.3 million dividend on year’s earnings, which rose even as revenues from share trading slumped after heavyweight company exits from the market.
That has brought the total amount of dividends handed over to its parent to about €98.5 million.
Revenues dipped 3.3 per cent to €36.8 mill
Continue Reading on The Irish Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.