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4/29, 9:09 AM (Source: TeleTrader)
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Euronext acquires Borsa Italiana in $5 billion deal

European exchange operator Euronext N.V. wrapped up on Thursday its acquisition of Borsa Italiana from the London Stock Exchange, the company unveiled on Thursday.

The deal, initially announced in October, was valued at approximately $5.3 billion. Euronext appointed UBS Group board member Piero Novelli as its new chairman ahead of the acquisition.

"The significantly scaled-up Group is now positioned as the leading venue in Europe for listing and secondary markets for both debt and equity financing," Euronext CEO Stephanie Boujnah commented.

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