PARIS, Sept 14 (Reuters) - Pan-European exchange Euronext confirmed on Monday it had submitted a non-binding offer to the London Stock Exchange Group plc to buy Borsa Italiana.
Euronext said in a statement its partners in the offer include Italy’s Cassa Depositi e Prestiti (CDP) Equity and Intesa Sanpaolo.
There can be no certainty that this will lead to a transaction, Euonext added. (Reporting by Dominique Vidalon; Editing by Muralikumar Anantharaman)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.