Euronext will work with the Italian state lending provider CDP in an attempt to take over the Italian Stock Exchange manager Borsa Italiana. Cassa Depositi e prestige, as CDP stated in full in a statement. Reports of the share distribution were already circulating.
Borsa Italiana is now part of the London Stock Exchange owner LSE Group. In addition to Euronext, the German Stock Exchange manager, Deutsche Börse, would also be targeting the Italians. But whether the Germans will make an offer is not yet certain.
According to previous reports, CDP was promised an 8 percent interest in Euronext as part of the deal. Borsa Italiana is considered by experts to be of strategic importance. Mainly because of the ownership of MTS, a platform active in government bonds. Previously, the Italian bank Intesa Sanpaolo was linked to the attempt by Euronext.