Intesa Sanpaolo Could buy Milan Stock Exchange!
August 18, 2020
(Bloomberg) -- Intesa Sanpaolo SpA is likely to play a part in the possible purchase of Borsa Italiana SpA being considered by Italian state-owned lender Cassa Depositi e Prestiti SpA and Euronext, according to people with knowledge of the matter.
The government and Euronext have been weighing a joint bid for the stock exchange operator, owned by London Stock Exchange Group Plc, and Intesa Sanpaolo is likely to play a part, the people said, asking to not be identified because the information is private. No final decision has been made and the plan may not be completed, they said.
LSE said last month that it has started talks to divest all or part of Borsa Italiana to satisfy European antitrust regulators examining its blockbuster deal for Refinitiv. In one scenario under discussion, Euronext would end up as the owner of the Italian bourse while Cassa Depositi e Prestiti and Intesa would get stakes in Euronext, according to the people.