Euronext welcomes the approval of the European Commission on the contemplated acquisition of the Borsa Italiana Group
|CONTACT - Media:
||CONTACT - Investor Relations:|
|Amsterdam||+31 20 721 4133||Brussels||+32 2 620 15 50||+33 1 70 48 24 27|
|Dublin (interim)||+31 20 721 4133||Lisbon||+351 210 600 614|
|Oslo||+47 22 34 17 40||Paris||+33 1 70 48 24 45|
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:
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.
For the latest news, follow us on Twitter and LinkedIn.
This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at:
© 2021, Euronext N.V. - All rights reserved.
The Euronext Group processes your personal data in order to provide you with information about Euronext (the "Purpose"). With regard to the processing of these personal data, Euronext will comply with its obligations under the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR as provided in its privacy statement available at: https://www.euronext.com/privacy-policy.
In accordance with the applicable legislation you have rights as regard to the processing of your personal data:
- for more information on your rights, please refer to: https://www.euronext.com/en/privacy-statement/data-subject-rights-reque…,
- for any request regarding the processing of your data or if you want to unsubscribe from this press release, please use our data subject request form at https://connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at email@example.com .