London Stock Exchange agrees to sell Borsa Italiana to Euronext for $5 billion

09.10.2020 - Petr Mazaylo
London Stock Exchange agrees to sell Borsa Italiana to Euronext for $5 billion

On Friday, London Stock Exchange (LSE.L) reported that it had accepted a 4.33 billion Euros ($5.09 billion) cash offer by Euronext (ENX.PA ) to acquire Italy’s only stock exchange Borsa Italiana.

In September, Euronext and LSE started to discuss the acquisition deal after the largest stock exchange in Europe saw a trade competition between Deutsche Boerse (DB1Gn.DE) and Swiss Exchange (SIX).

“We believe the sale of the Borsa Italiana group will contribute significantly to addressing the EU’s competition concerns,” London Stock Exchange’s Chief Executive Officer David Schwimmer stated.

Euronext said that it would fund the deal through a debt and equity hike. The firm’s market value was around 7 billion Euros.

“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,” Euronext’s Chief Executive Officer Stephane Boujnah said.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?