EU Approval of LSE-Refinitiv Deal Paves Way for Euronext Acquisition of Borsa Italiana
January 13 2021 - 10:04AM
Dow Jones News
By Giulia Petroni
The European Commission's approval of London Stock Exchange
Group PLC's deal to acquire Refinitiv Holdings Ltd. paves the way
for Euronext NV's potential acquisition of Italian exchange Borsa
Italiana Group.
LSE's acquisition of financial-data company Refinitiv, approved
early Wednesday by Europe's antitrust watchdog, is subject to a
number of conditions including the sale of Borsa Italiana.
"This approval further improves the certainty of execution of
Euronext's contemplated acquisition of the Borsa Italiana Group by
satisfying one of the major conditions for the completion of the
transaction," Euronext said.
Euronext said its acquisition of Borsa Italiana, which is still
subject to regulatory approvals, is expected to be completed in the
first half of the year. The deal is priced at around 4.33 billion
euros ($5.27 billion).
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 13, 2021 09:49 ET (14:49 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
London Stock Exchange (LSE:LSEG)
Historical Stock Chart
From Mar 2024 to Apr 2024
London Stock Exchange (LSE:LSEG)
Historical Stock Chart
From Apr 2023 to Apr 2024
