The acquisition depends now on the divestment of the Borsa Italiana Group as a response to the European Commission’s concerns and potential clearance decision for LSEG’s proposed acquisition of Refinitiv. The transaction also requires regulatory approvals in Italy, the United Kingdom, the United States, Belgium and France, a declaration of non-objection from Euronext’s College of Regulators and approval of Euronext as a suitable purchaser by the European Commission. The acquisition is expected to complete the transaction in the first half of 2021.
Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:
We are delighted by the strong show of support from our shareholders today for the contemplated acquisition of the Borsa Italiana Group. This transaction significantly enhances Euronext’s scale, diversifies its business mix into new asset classes, and strengthens its post-trade activities.
With today’s approval by our shareholders, following the approval by LSEG shareholders on 3 November 2020, we have now satisfied one of the major conditions for the transaction, which we expect to complete during the first half of 2021. We look forward to welcoming CDP Equity and Intesa Sanpaolo soon as new reference shareholders of Euronext.
