London Stock Exchange Enters Exclusive Talks to Sell Borsa Italiana
18 September 2020 - 5:00PM
Dow Jones News
By Matteo Castia
London Stock Exchange Group PLC said Friday that it has entered
into exclusive talks with Euronext NV for the sale of Italy's Borsa
Italiana.
The exchange operator said it had received and reviewed a number
of proposals from several parties for electronic fixed income
trading market MTS and Borsa Italiana.
Euronext said in a separate release Friday that it has entered
exclusive talks with London Stock Exchange together with CDP
Equity, an entity owned by Italian investment bank Cassa Depositi e
Prestiti, and Italian banking group Intesa Sanpaolo SpA.
"Italy, through Borsa Italiana, would become the largest revenue
contributor to the enlarged Euronext group," Euronext said.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
September 18, 2020 02:45 ET (06:45 GMT)
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