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The Swiss Stock Exchange joins the race for the Borsa Italiana

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The battle for the Milan stock exchange intensified today, with Swiss operator SIX Group saying it is also joining the race to buy Borsa Italiana.

Germany’s Deutsche Boerse and pan-European operator Euronext have already declared their interest in acquiring the Italian stock exchange, put up for sale by the London Stock Exchange Group.

“We have submitted a non-binding offer for Borsa Italiana,” said a spokesperson for Six Group, without revealing any financial details.

Last week Euronext – which manages the Amsterdam, Brussels, Dublin, Lisbon, Oslo and Paris stock exchanges – was the first to show its hand, saying it was teaming up with Italian lender CDP to make a joint offer. .

Then the Deutsche Boerse in Frankfurt said that it had also submitted an offer.

Italian news agency Radiocor announced today that the board of directors of the London Stock Exchange Group will meet later to discuss the various offers.

LSEG said in July that it was ready to sell Borsa Italiana in order to obtain European Commission approval for its plan to purchase US financial data provider Refinitiv.

No financial details have been released to date, but according to the Bloomberg news agency, Borsa Italiana could bring in between 3.5 and 4 billion euros.

Besides operating the Milan Stock Exchange, Borsa Italiana also has trading platforms for government bonds, a clearinghouse for trading operations and a depositary, which would make it an addition. valuable to all three bidders.

In an interview with the Italian daily Il Corriere della Sera today, Jos Dijsselhof, CEO of SIX Group, said that the Milan purchase would mark a step “towards the creation of a European champion with a global dimension and a strong concentration in each country where it is present “.



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