Euronext won the battle for the takeover of the Milan Stock Exchange against an opponent much bigger than itself: the German Deutsche Börse.
He also rammed the pawn at the Swiss Six Group, which had stolen the Spanish Stock Exchange last year.
With the auction system, imposed by the seller, the London Stock Exchange (LSE), all were on an equal footing on the financial side of the offer.
Euronext and its two Italian partners, Cassa de depositi e prestiti (CDP) and Intesa Sanpaolo, will thus spend 4.33 billion euros to buy Borsa Italiana.
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Euronext wins auction to buy Borsa Italiana
An amount in line with the figures that were circulating and deemed reasonable by analysts.
It is therefore on the terms of the operation that the French group made the difference.
For Stéphane Boujnah, head of Euronext, “
the group's open federal model, unique in Europe, has largely contributed to this success”.
Euronext is already at the head of the Paris, Amsterdam, Brussels, Dublin, Lisbon and Oslo stock exchanges.
The Germans
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