Euronext welcomes the approval of the European Commission on the contemplated acquisition of the Borsa Italiana Group
February 26 2021 - 11:45AM
Euronext welcomes the approval of the European Commission on the
contemplated acquisition of the Borsa Italiana Group
CONTACT - Media: |
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EURONEXT WELCOMES THE APPROVAL OF THE
EUROPEAN COMMISSION ON THE CONTEMPLATED ACQUISITION OF THE BORSA
ITALIANA GROUP
Amsterdam, Brussels, Dublin, Lisbon,
Oslo and Paris – 26 February 2021 – 17.45 CET – Euronext,
the leading pan-European market infrastructure, today confirms that
the European Commission has approved Euronext under the EU Merger
Regulation as a suitable purchaser for the contemplated acquisition
of the Borsa Italiana Group (the “Transaction”).
This approval further improves the certainty of
execution of the Transaction, by satisfying an additional major
condition for the completion of the Transaction.
The European Commission’s decision follows:
approval of the Transaction by London Stock Exchange Group’s
(“LSEG”) shareholders on 3 November 2020; approval by the German
Federal Cartel Office on 11 November 2020; approval by Euronext’s
shareholders on 20 November 2020; foreign direct investment
clearance for the Transaction by the Italian Council of Ministers
on 11 December 2020; conditional approval of LSEG proposed
acquisition of Refinitiv by the European Commission on 13 January
2021; completion of the acquisition of Refinitiv by LSEG on 29
January 2021; and approval of the Transaction by the Financial
Conduct Authority on 25 February 2021.
The Transaction still remains subject to
regulatory approvals in several jurisdictions and a declaration of
non-objection from Euronext’s College of Regulators. Euronext
expects to complete the Transaction in the first half of 2021.
Information regarding the contemplated
acquisition of the Borsa Italiana Group is available at:
www.euronext.com/investor-relations/financial-calendar/acquisition-borsa-italiana-group
Contacts
Investor Relations:Aurélie
Cohen – Chief Communications and IR OfficerClément Kubiak – IR
Officer
+33 1 70 48 24 27; ir@euronext.com
Media:Aurélie Cohen - Chief
Communications and IR Officer
+33 1 70 48 24 45; mediateam@euronext.com
About
Euronext
Euronext is the leading pan-European market
infrastructure, connecting local economies to global capital
markets, to accelerate innovation and sustainable growth. It
operates regulated exchanges in Belgium, France, Ireland, The
Netherlands, Norway and Portugal. With close to 1,500 listed
issuers worth €4.5 trillion in market capitalisation as of end
December 2020, it has an unmatched blue chip franchise and a strong
diverse domestic and international client base. Euronext operates
regulated and transparent equity and derivatives markets and is the
largest centre for debt and funds listings in the world. Its total
product offering includes Equities, FX, Exchange Traded Funds,
Warrants & Certificates, Bonds, Derivatives, Commodities and
Indices. Euronext also leverages its expertise in running markets
by providing technology and managed services to third parties. In
addition to its main regulated market, it also operates Euronext
Growth® and Euronext Access®, simplifying access to listing for
SMEs. Euronext provides custody and settlement services through
central securities depositories in Denmark, Norway and Portugal.
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