Home Business LSE to promote Borsa Italiana inventory change to Euronext for $5 billion

LSE to promote Borsa Italiana inventory change to Euronext for $5 billion

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Pedestrian passes Italy’s Inventory Change, the Borsa Italiana, which is a part of the London Inventory Change Group Plc, in Milan Italy, on Thursday, Oct. 8, 2020.

Camilla Cerea | Bloomberg by way of Getty Photographs

LONDON — The London Inventory Change on Friday agreed to promote Milan’s Borsa Italiana inventory change to Euronext for 4.3 billion euros ($5 billion).

LSE confirmed it had entered unique discussions with pan-European bourse operator Euronext in relation to the sale of the Borsa Italiana group final month.

It comes after LSE reached definitive phrases to buy information supplier Refinitiv for $27 billion, with the EU’s govt arm confirming in August that it might think about the phrases of the proposed transaction. 

The sale of Borsa Italiana relies on the Refinitiv transaction going by.

“We proceed to make good progress on the extremely enticing Refinitiv transaction and we’re happy to have reached this necessary milestone,” David Schwimmer, CEO of LSE Group, stated in an announcement.

“We imagine the sale of the Borsa Italiana group will contribute considerably to addressing the EU’s competitors considerations,” he added.

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