Deals
LSE Seals $5 Billion Borsa Sale to Euronext, Italian Banks
- Euronext bidding with state-backed CDP and Intesa Sanpaolo
- LSE selling asset to win clearance for its Refinitiv deal
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London Stock Exchange Group Plc agreed to sell Borsa Italiana to Euronext NV and two Italian lenders for more than 4.33 billion euros ($5.1 billion), in a deal that will create the largest listing venue in Europe.
LSE, which is selling Borsa Italiana to get approval from the European Union for its $27 billion Refinitiv deal, announced the transaction in a statement Friday after exclusive talks between the parties started last month.