Euronext in Talks With Cassa Depositi to Make Bid for LSE's Borsa Italiana

   By Adria Calatayud

Euronext NV said Friday that it is in talks with Cassa Depositi e Prestiti to submit an offer for the acquisition of Borsa Italiana from London Stock Exchange Group PLC.

Exchange operator LSE Group in July said it was in exploratory talks to sell its interest in Italian fixed-income trading market MTS SpA--or potentially the Borsa Italiana as a whole--in order to satisfy the European Commission regarding its own deal to acquire data provider Refinitiv.

Euronext said a further announcement would be made as and when appropriate.

Earlier this week, media reports indicated Euronext was preparing a bid for Italian stock exchange Borsa Italiana that could be valued at $4 billion.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

September 11, 2020 02:26 ET (06:26 GMT)

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