SIX Group and Deutsche Börse are in the race to buy Borsa italiana, which is owned by the London Stock Exchange LSE.
SIX has submitted a non-binding takeover offer for the Italian stock exchange, a spokesperson for the operator of the Swiss stock exchange told AWP on Thursday, confirming information from the transalpine newspaper “Corriere della Sera”.
The Italian news agency Ansa, relying on people familiar with the matter, said on Wednesday that SIX Group and Deutsche Börse were in the race to buy Borsa italiana.
The latter belongs to the London Stock Exchange LSE, which must sell its subsidiary for the European competition authorities to accept the takeover, for 27 billion dollars, of the data provider Refinitiv.
The bids were to be forwarded to LSE by last Friday. Deutsche Börse has officially announced its bid for the takeover, as have Italian bank Cassa Depositi e Prestiti and Franco-Dutch Euronext.