Deutsche Börse submits bid to acquire Borsa Italiana Group
The announcement is made shortly after Euronext said it is in talks to acquire Borsa Italiana’s assets.
Deutsche Börse confirmed on Friday that it has submitted a bid to acquire Borsa Italiana Group. In a media statement, Deutsche Börse stated:
“We can confirm that Deutsche Börse has submitted a bid for Borsa Italiana Group. As a global player, we are offering a high value for the future growth and development of an autonomous Borsa Italiana Group, thereby strengthening its crucial role for the Italian economy and the European capital markets”.
The announcement by Deutsche Börse was published several hours after Euronext NV (EPA:ENX) confirmed it is currently in discussions with Cassa Depositi e Prestiti (“CDP”) to submit an offer to London Stock Exchange Group plc for the acquisition of the business and key operational assets of Borsa Italiana.
Euronext says a further announcement will be made as and when appropriate.