(Adds detail)
PARIS, Sept 14 (Reuters) - Euronext has submitted a
non-binding offer to the London Stock Exchange Group Plc
to buy Borsa Italiana, the pan-European exchange confirmed on
Monday.
Euronext's partners in the offer include Italy's Cassa
Depositi e Prestiti (CDP) Equity and Intesa Sanpaolo
, it said in a statement.
There can be no certainty that this will lead to a
transaction, Euronext added.
"This transformational project would effectively position
the newly formed group to deliver the ambition of further
building the backbone of the Capital Markets Union in Europe,
while at the same time supporting local economies," it said.
Euronext and CDP confirmed on Friday they were in talks to
make a joint bid for Borsa Italiana, as Germany's Deutsche
Boerse submitted a rival offer and one from Swiss exchange Six
was expected.
(Reporting by Dominique Vidalon; editing by Muralikumar
Anantharaman and Jason Neely)