Euronext welcomes the approval of the European Commission on the contemplated acquisition of the Borsa Italiana Group
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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:
Aurélie Cohen – Chief Communications and IR Officer
Clément Kubiak – IR Officer +33 1 70 48 24 27; email@example.com