Euronext on Track to Complete Borsa Italiana Purchase by June
- Bourse still needs approval from several European regulators
- Pandemic volatility boosted cash trading 28% last year
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Euronext NV is on track to complete its acquisition of Borsa Italiana by June, according to the company.
The operator of the Paris stock exchange said that its deal for the Milan bourse is still subject to approvals in several jurisdictions, a declaration of non-objection from Euronext’s regulators and the blessing of the European Commission, as it reported fourth-quarter earnings Wednesday that beat analyst expectations.