Euronext Confirms Offer For Borsa Italiana
Euronext confirms the submission of a non-binding offer to London Stock Exchange Group plc to acquire Borsa Italiana. The partnership includes CDP Equity and Intesa Sanpaolo. There can be no certainty that this will lead to a transaction.
Euronext has submitted a non-binding offer to acquire Borsa Italiana, in partnership with CDP Equity and Intesa Sanpaolo
— Euronext (@euronext) September 14, 2020
The proposed combination of Borsa Italiana and Euronext would create a leading player in continental European capital markets, where Italy would be the largest revenue contributor to the enlarged Euronext group. This transformational project would effectively position the newly formed group to deliver the ambition of further building the backbone of the Capital Markets Union in Europe, while at the same time supporting local economies.
A further announcement will be made as and when appropriate.
Deutsche Börse submits bid to acquire Borsa Italiana Group
Deutsche Börse today submitted a bid to acquire Borsa Italiana Group. In a media statement, Deutsche Börse announces:
We can confirm that Deutsche Börse has submitted a bid for Borsa Italiana Group. As a global player, we are offering a high value for the future growth and development of an autonomous Borsa Italiana Group, thereby strengthening its crucial role for the Italian economy and the European capital markets.
The proposed sale of the Borsa Italiana group should address European Commission concerns.
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