Euronext to Submit $4 Billion Offer for Borsa Italiana -Bloomberg

--Euronext NV is preparing to submit an offer for Italy's stock exchange Borsa Italiana SpA this week and is set to value it at around 3.5 billion euros ($4.1 billion), Bloomberg reports, citing people with knowledge of the matter.

--Euronext's bid will be made jointly with the Italian state-controlled lender Cassa Depositi e Prestiti SpA, which would get a stake of about 8% in Euronext if the deal goes through, the news outlet reports.

--German rival exchange operator Deutsche Boerse AG is also set to bid for Borsa Italiana, though no final decisions have been made and other bidders could arise, Bloomberg reports.

Full story: https://bloom.bg/3ihnhdz

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September 10, 2020 07:51 ET (11:51 GMT)

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