Exchange operator Euronext is acquiring the Borsa Italiana Group from the London Stock Exchange in a €4.3bn deal.
The announcement of the deal follows the Paris-headquartered Euronext’s 18 September statement that it had entered into exclusive discussions with LSE regarding the potential acquisition of the Italian group.
“Thanks to this transaction, Euronext will significantly diversify its revenue mix and its geographical footprint by welcoming the market infrastructure of Italy, a G7 country and the third largest economy in Europe,” said Stephane Boujnah, the chief executive and chair of the managing board of Euronext, in a statement.
“The combination of Euronext and the Borsa Italiana Group, with the strategic support of long-term investors such as CDP8, delivers the ambition of building the leading pan-European market infrastructure, connecting local economies to global capital markets.”
The deal follows Euronext’s acquisition of Danish VP Securities in a €150m deal.
Source: Private Equity News
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