LONDON, Oct 14 (Reuters) - The London Stock Exchange Group
said on Wednesday it will hold a general meeting next
month to ask shareholders to approve the sale of its Borsa
Italiana operations to pan-European exchange Euronext.
The meeting will take place on November 3 at the LSE's head
office, but due to the COVID-19 pandemic, shareholders will not
be able to attend in person.
"Accordingly, London Stock Exchange Group shareholders are
strongly encouraged to appoint the chair of the general meeting
as their proxy to ensure that their votes are counted at the
general meeting," the exchange said in a statement.
Last week, the LSE's board agreed to sell Borsa Italiana to
Euronext for 4.3 billion euros in cash to help it to win
approval for its $27 billion purchase of data provider
Refinitiv, which is 45% owned by Thomson Reuters, the parent
company of Reuters News.
The sale to Euronext is contingent on the European
Commission formally stating it will only approve LSE's Refinitiv
deal if all or part of Borsa Italiana is sold.
The EU executive body is due to rule on the Refinitiv deal
in December.
(Reporting by Huw Jones. Editing by Jane Merriman)