Deutsche Börse confirmed that it had made an offer on Borsa Italiana, the company behind the Milan Stock Exchange. Euronext thus has a competitor for the acquisition of the Italian Stock Exchange Company.
Deutsche Börse, active, inter alia, with the Frankfurt Stock Exchange, prides itself as a good takeover for the future growth of Borsa Italiana as an autonomous group. “This will strengthen its crucial role for the Italian economy and the European Capital Markets,” reports the company.
Deutsche Börse’s bid has been in the air for a long time. Euronext, known for its fairs in Amsterdam, Paris and Brussels, joined Borsa Italiana earlier on Friday. In doing so, the company joins with the Italian Cassa dei Deposti e Prestige, which makes investments on behalf of the Italian state.