Pan-European market infrastructure Euronext today announces that it has acquired substantially all the business of Acupay Group, global leader in financial reporting, corporate actions, cross-border tax relief, and securities processing.
Founded in 2005, Acupay offers a suite of technology services which provide relief from double taxation to cross-border investors. Its unique proprietary solution, which links brokers and banks to securities issuers, enables custodian banks to electronically prepare tax certificates and allows investors to effectively manage the impact of cross-border withholding tax. Acupay and BondCom’s ability to identify bondholders allows them to assist issuers with liability management exercises.
The acquisition of Acupay further expands Euronext Securities’ services offering to investors and issuers, leveraging…
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