LSE Nears $5 Billion Borsa Sale to Euronext, Italian Banks
- Borsa Italiana owns government bond trading platform MTS
- Euronext bidding with state-backed CDP and Intesa Sanpaolo
The Borsa Italiana in Milan, Italy.
Photographer: Gianluca Colla/Bloomberg
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London Stock Exchange Group Plc is nearing the sale of Borsa Italiana to Euronext NV and two Italian institutions for about 4.5 billion euros ($5.3 billion) including debt, according to people familiar with the transaction.
LSE, which is selling Borsa Italiana to get approval for its $27 billion Refinitiv deal, may announce the sale as early as Friday, said the people, who asked not to be named as the matter is confidential. LSE and Euronext declined to comment.