logo
Plus   Neg
Share
Email

Euronext Submits Non-binding Offer To Buy Borsa Italiana From LSE - Quick Facts

Euronext (ENXB.BE,ENX.BR,ENX.AS,ENX.PA) Monday confirmed that it has submitted a non-binding offer to London Stock Exchange Group plc to acquire Borsa Italiana.

The partnership includes CDP Equity and Intesa Sanpaolo. The company said there can be no certainty about a deal.

It is expected that the proposed combination of Borsa Italiana and Euronext would create a leading player in continental European capital markets. Following a deal, Italy would be the largest revenue contributor to the enlarged Euronext group.

The company said, "This transformational project would effectively position the newly formed group to deliver the ambition of further building the backbone of the Capital Markets Union in Europe, while at the same time supporting local economies."

Euronext added that it will make a further announcement as and when appropriate.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration (FDA) has gone ahead with the approval of antiviral drug remdesivir as first treatment for COVID-19, notwithstanding last week's findings by the World Health Organization (WHO) that the drug is not effective for COVID-19 treatment. Thursday, Gilead Sciences announced that the FDA approved remdesivir, sold under the brand name Veklury. Integrated payments firm American Express Co. (AXP) reported Friday that net income for the third quarter declined to $1.1 billion or $1.30 per share from $1.8 billion or $2.08 per share in the prior-year quarter. Consolidated total revenues, net of interest expense, also decreased 20 percent to $8.8... The Federal Trade Commission or FTC has launched a new fraud reporting platform, using which, consumers can easily report fraud and all other consumer issues directly to the regulator. In a statement, the FTC said its new website, ReportFraud.ftc.gov, will provide a streamlined and user-friendly way to submit reports about scams, frauds, and bad business practices.
Follow RTT