Euronext said Friday that it has
reached an agreement with the London Stock Exchange to buy the
Italian bourse for 4.325 billion euros.
In a statement, Euronext said the operation was being conducted
with "support from Cassa Depositi e Prestiti and Intesa Sanpaolo
as strategic investors, with long-term commitment to support the
growth of the Borsa Italiana Group, to attract SMEs to the
capital markets and to support Euronext's growth ambitions".
It added that the deal would lead to the "creation of the
leading player in European capital markets infrastructure,
strengthening Euronext's leadership in European cash equities,
while adding significant capabilities in fixed income trading
and increasing post trade activities with a fully-owned,
multi-asset clearing house and a scale CSD"
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