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Italian Exchange Seen as Next Target in Battle of the Bourses

  • Borsa Italiana suitors monitor LSE-Refinitiv antitrust probe
  • Euronext and Deutsche Boerse tipped as possible bidders
    

Photographer: Gianmarco Maraviglia/Bloomberg

Italy’s national stock market could find itself at the center of a multibillion-euro bidding war if its owner, the London Stock Exchange Group Plc, is forced to sell it to push through a landmark takeover of data provider Refinitiv.

European authorities on Monday decided to launch a full antitrust review of the $27 billion LSE-Refinitiv deal, flagging competition concerns around businesses including data and government bond trading. It raises the prospect of the LSE needing to dispose of certain assets in order to appease regulators.