Euronext seizes the Milan Stock Exchange, with the beard of SIX

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Euronext seizes the Milan Stock Exchange, with the beard of SIX


There has been no miracle for the SIX Swiss Exchange. The London Stock Exchange (LSE) has chosen to sell the Milan Stock Exchange to Euronext.


SIX failed in its attempt to take control of the Italian Stock Exchange (archive).


© KEYSTONE/CHRISTIAN BEUTLER
SIX failed in its attempt to take control of the Italian Stock Exchange (archive).


Euronext announces that it has concluded a buyout agreement with the London Stock Exchange (LSE) for the Borsa Italiana group, previously owned by the operator of the London market and coveted among others also by SIX. The European operator will spend 4.33 billion euros (4.66 billion francs) to do this, a statement released on Friday said.

The manager of the Zurich Stock Exchange had already “taken note” in mid-November of the holding of exclusive negotiations between the LSE and Euronext, without wishing to comment on these discussions.

By acquiring the Italian Stock Exchange, SIX intended to take “a further step towards the creation of a European champion of global stature”, according to its boss Jos Dijsselhof. The group had already acquired this spring its Spanish counterpart Bolsas y Mercados Españoles (BME).

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