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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
London Stock Exchange Group Plc | LSE:LSEG | London | Ordinary Share | GB00B0SWJX34 | ORD SHS 6 79/86P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
56.00 | 0.64% | 8,846.00 | 8,826.00 | 8,830.00 | 8,874.00 | 8,720.00 | 8,720.00 | 1,420,025 | 16:35:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Admin-gen Economic Programs | 8.06B | 761M | 1.4061 | 62.78 | 47.78B |
By Adria Calatayud
London Stock Exchange Group PLC said Friday that it has agreed to sell its entire shareholding in the parent company of Borsa Italiana to Euronext NV for an equity value of 4.33 billion euros ($5.09 billion).
The London stock-exchange operator said it will also receive an additional amount reflecting cash generation to completion.
The deal is conditional upon, among other things, the divestment of Borsa Italiana or any material part of the business being a condition of any European Commission clearance decision for LSE Group's own acquisition of Refinitiv, the company said.
LSE Group in July said it was in exploratory talks to sell its interest in Italian fixed-income trading market MTS SpA--or potentially the Borsa Italiana as a whole--in order to satisfy the European Commission regarding its own deal to acquire data provider Refinitiv.
Euronext said the acquisition of Borsa Italiana will result in the creation of the leading player in European capital-markets infrastructure.
Completion of the deal is expected in the first half of 2021, Euronext said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 09, 2020 02:35 ET (06:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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