for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

LSE agrees to sell Borsa Italian to Euronext for 4.3 bln euros

LONDON, Oct 9 (Reuters) - London Stock Exchange said on Friday it had accepted a 4.325 billion euro ($5.09 billion) offer by pan-European bourse operator Euronext for the Milan stock exchange.

LSE entered exclusive talks with Euronext last month after the Paris bourse owner saw off competition from Deutsche Boerse and Swiss rival SIX for Borsa Italiana.

The sale is contingent on the European Commission formally stating it will only allow LSE’s $27 billion deal to buy data provider Refinitiv if all or part of Borsa Italiana is sold.

Breakingviews

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.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up