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Company News

LSE agrees to sell Borsa Italian to Euronext for 4.3 bln euros

LONDON, Oct 9 (Reuters) - London Stock Exchange said on Friday it had accepted a 4.325 billion euro ($5.09 billion) offer by pan-European bourse operator Euronext for the Milan stock exchange.

LSE entered exclusive talks with Euronext last month after the Paris bourse owner saw off competition from Deutsche Boerse and Swiss rival SIX for Borsa Italiana.

The sale is contingent on the European Commission formally stating it will only allow LSE’s $27 billion deal to buy data provider Refinitiv if all or part of Borsa Italiana is sold.

$1 = 0.8495 euros Reporting by Rachel Armstrong; editing by Simon Jessop

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