Tricky bidding war brews over LSE’s Italy bourse LJucca
London Stock Exchange Group said on July 31 that it had kicked off exploratory discussions that might result in the sale of its interest in Italian bond platform MTS, owned by Borsa Italiana, or of the Milan bourse as a whole.
A sale may help LSE secure the approval of the European Union’s antitrust regulator for its $27 billion acquisition of data and analytics group Refinitiv, which it announced in 2019.Lawmakers from Italy’s 5-Star Movement, the largest party in the ruling coalition, said on July 31 that they would ask the Rome government to table a bid for Borsa Italiana.
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