Deals
Italy Is Said to Be Under Pressure to Delay Euronext-Borsa Deal
- Italian parliament to discuss country’s exchange on Wednesday
- Project to create Europe’s largest listing venue now uncertain
The Borsa Italiana in Milan.
Photographer: Camilla Cerea/BloombergThis article is for subscribers only.
Pressure is mounting on Italy’s government to delay the acquisition of Borsa Italiana SpA by Euronext NV unless the Milan-based exchange is assured more autonomy and decision-making power, according to people familiar with the matter.
The deal would create Europe’s largest listing venue, which Euronext has long maintained could become the backbone of a future European capital markets union.