LSEG - Borsa Italiana Group Update)

RNS Number : 4125Z

London Stock Exchange Group PLC

18 September 2020

 

18 September 2020

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

For immediate release

LSEG All Share Acquisition of Refinitiv - Borsa Italiana Group Update

Further to the announcement on 31 July 2020 regarding MTS and Borsa Italiana group, London Stock Exchange Group plc (LSEG) received and reviewed a number of competitive proposals from several parties for each of MTS and the Borsa Italiana group as a whole. LSEG confirms it has now entered into exclusive discussions with Euronext N.V. in relation to the sale of the Borsa Italiana group.

There can be no certainty that a transaction will result from these discussions and any potential sale will be dependent upon the outcome of the European Commission's review of the Refinitiv transaction and that transaction closing in accordance with its terms.

A further announcement will be made in due course.

For further information, please contact:

London Stock Exchange Group plc  

Media Relations: Gavin Sullivan / Lucie Holloway  [phone]

Investor Relations: Paul Froud                                                                                                     [phone]

Lucas van Praag, Philip Gawith, Doug Campbell (Teneo)  [phone]

Notes to Editors

Borsa Italiana S.p.A. is indirectly owned (99.99%) by LSEG plc. Borsa Italiana operates the leading Italian Equity Market dedicated to mid and large size companies, AIM Italia and a number of other trading platforms and its group includes clearing house Cassa Di Compensazione e Garanzia S.p.A. ("CC&G"), MTS S.p.A., central securities depository Monte Titoli S.p.A. and Elite.

Further information

This announcement is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the Refinitiv transaction (the "Transaction") or otherwise, nor shall there be any sale, issuance or transfer of securities of LSEG in any jurisdiction in contravention of applicable law.

 

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