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Swiss Exchange Six Makes Highest Bid For Italy’s Borsa

By  |  September 14, 2020

Switzerland’s Six has made the highest bid in the battle for Borsa Italiana, ahead of France’s Euronext and Deutsche Boerse, reported Reuters. 

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    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

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