Switzerland’s Six has made the highest bid in the battle for Borsa Italiana, ahead of France’s Euronext and Deutsche Boerse, reported Reuters.
The indicative bids valued the Milan stock exchange operator at around €3.5 billion to €4 billion (US$4.15-$4.74 billion), one of the sources said, with Six leading the race.
The London Stock Exchange, which took control of Borsa in 2007 for €1.6 billion, is now trying to sell it as part of the regulatory remedies to clear its US$27 billion acquisition of data provider Refinitiv.
The move has put Borsa Italiana at the center of another shake-up in the European exchange sector after Six became Europe’s third-largest operator by revenue this year following its €2.57 billion takeover of Spanish rival BME.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI