London Stock Exchange agrees to sell Stock Exchange Italiana

The London Stock Exchange (LSE) announced that it has agreed with Euronext for the sale of its Stock Exchange Italiana for 4.3 billion euros (US $ 5 billion).

In the statement made by the London Stock Exchange (LSE), the Stock Exchange Italiana in exchange for 4.3 billion euros (5 billion USD).

It was noted that an agreement was reached to be sold to Euronext, which includes the Amsterdam, Brussels, Dublin, Lisbon, Oslo and Paris stock exchanges.

The Stock Exchange Italiana must sell at least part of it in order for the London Stock Exchange to get permission from the EU competition authority to take over Refinitiv, its data provider, for $ 27 billion.

Commenting on the issue, LSE Group President David Schwimmer said, “We believe that the sale of the Stock Exchange Italiana will significantly respond to the EU’s competition concerns.” used the expressions.

Deutsche Börse, the German stock exchange operator, and SIX, the owner of the Swiss stock exchange, had previously submitted bids to buy Stock Exchange Italiana.