Euronext N : EU Approval of LSE-Refinitiv Deal Paves Way for Euronext Acquisition of Borsa Italiana

By Giulia Petroni

The European Commission's approval of London Stock Exchange Group PLC's deal to acquire Refinitiv Holdings Ltd. paves the way for Euronext NV's potential acquisition of Italian exchange Borsa Italiana Group.

LSE's acquisition of financial-data company Refinitiv, approved early Wednesday by Europe's antitrust watchdog, is subject to a number of conditions including the sale of Borsa Italiana.

"This approval further improves the certainty of execution of Euronext's contemplated acquisition of the Borsa Italiana Group by satisfying one of the major conditions for the completion of the transaction," Euronext said.

Euronext said its acquisition of Borsa Italiana, which is still subject to regulatory approvals, is expected to be completed in the first half of the year. The deal is priced at around 4.33 billion euros ($5.27 billion).

Write to Giulia Petroni at [e-mail]

(END) Dow Jones Newswires

01-13-21 0949ET