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Deutsche Borse submits offer for Borsa Italiana

Fri, 11th Sep 2020 16:59

MILANO, Sept 11 (Reuters) - Deutsche Borse
confirmed on Friday it had submitted an offer for Italy's Borsa
Italiana, with rival offers from Swiss exchange Six and a
consortium comprising France's Euronext and Italian
state lender CDP also in the race.

"Deutsche Borse can offer a major contribution to the future
growth and development of an independent Borsa Italiana", the
group said in a statement.

The London Stock Exchange (LSE), which bought the
Milan-based stock exchange in 2007 for 1.6 billion euros ($1.9
billion), is now trying to sell it as part of antitrust remedies
to help get its $27 billion takeover of Refinitiv over the line.
(Reporting by Elisa Anzolin, editing by Giulia Segreti)

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