Euronext to buy Milan stock exchange for €4.33b | Malay Mail

The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie, near Paris, France, May 14, 2018. — Reuters pic

The LSE said previously it was considering a sale in order to meet EU regulator requirements that it divest certain assets in order to get approval for its purchase of US financial data provider Refinitiv. Euronext head Stephane Boujnah said the deal marked a “decisive step” in its strategic plan to create a core of major capital markets in Europe.

In a statement, LSE said it expected its sale of Borsa Italiana was in any case going to be a condition for the Refinitiv transaction but added that the deal was valid on its own strategic and financial merits.LSE chief executive David Schwimmer said “we are pleased to have reached this important milestone. We believe the sale... will contribute significantly to addressing the EU’s competition concerns.

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