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Euronext confirms talks for acquisition of Borsa Italiana’s assets

Maria Nikolova

Euronext is in discussions for the acquisition of the business and key operational assets of Borsa Italiana.

Euronext NV (EPA:ENX) today 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.

Last month, Euronext said it completed the settlement of shares under its offer launched on April 23, 2020 to acquire 100% of Danish Central Securities Depository VP Securities. The acquisition of VP Securities is set to position Euronext as a leading CSD operator in Europe with three CSDs (Euronext VPS in Norway, Interbolsa in Portugal and VP Securities in Denmark) representing €2.2 trillion in assets under custody, 31 million settlement instructions per year and 4.5 million accounts.

Furthermore, following the acquisition of Oslo Børs VPS, completed in June 2019, and Nord Pool in January 2020, Euronext has developed a strong Nordic skillset and has built increasing proximity with the client community in the Nordic region.

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