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Italian finance minister Gualtieri has met Euronext boss to discuss Borsa bid - sources

Thu, 10th Sep 2020 13:42

By Giuseppe Fonte and Pamela Barbaglia

ROME/LONDON, Sept 10 (Reuters) - Italy's Finance Minister
Roberto Gualtieri held talks over the future of Borsa Italiana
with Euronext Chief Executive Stephane Boujnah in a
private meeting in Rome on Sept. 9, two sources told Reuters.

The discussions focused on the terms of a joint bid between
Italian state lender Cassa Depositi e Prestiti (CDP) and French
stock market operator Euronext for the Milan Bourse, the sources
said.

Euronext has offered Italy two seats on its managing board
to address Italy's demands to have a say over Borsa's strategy
going forward, the sources said.

Rome is keen to see the Euronext consortium prevail in
negotiations with owner the London Stock Exchange, which has set
a Sept. 11 deadline for non-binding offers, they said.

Italy's Treasury and Euronext declined to comment.
(Reporting by Giuseppe Fonte in Rome and Pamela Barbaglia in
London; Editing by Jan Harvey)

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