* Euronext in joint bid with Italy's CDP, Intessa
* Sources say Swiss operator Six also submitted offer
* Borsa Italiana owns Milan stock exchange
* LSE selling as part of antitrust remedy for Refinitiv
takeover
(Adds Six offer, background detail)
PARIS/MILAN, Sept 14 (Reuters) - Euronext confirmed
on Monday it has submitted a non-binding offer to the London
Stock Exchange Group Plc to buy Borsa Italiana, while
sources said that Swiss operator Six had also submitted its
offer.
Euronext's partners in the offer include Italy's Cassa
Depositi e Prestiti (CDP) Equity and Intesa Sanpaolo
, it said in a statement, adding there was no certainty
that the offer would lead to a transaction.
The London Stock Exchange (LSE), which bought Borsa Italiana
in 2007 for 1.6 billion euros ($1.90 billion), is now trying to
sell it as part of antitrust remedies for its $27 billion
takeover of financial data provider Refinitiv. nL8N2G80WP]
The move has put Borsa Italiana, which runs the Milan stock
exchange, at the centre of a potential shake-up in the European
exchange sector, which has long been under pressure to
consolidate further.
"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," Euronext
said on Monday.
As expected, Six also submitted a non-binding offer for the
Italian bourse, two sources familiar with the matter said on
Monday. The Swiss exchange operator declined to comment.
Euronext and CDP confirmed on Friday they were in talks to
make a joint bid for the Italian exchange, as Germany's Deutsche
Boerse submitted a rival offer.
(Reporting by Dominique Vidalon in Paris and Elvira Pollina and
Francesca Landini in Milan; editing by Muralikumar Anantharaman,
Jason Neely and Susan Fenton)