London stock exchange: LSE wants to sell Milan stock exchange

due to The Corona-crisis, fluctuating markets make the stock exchange operators of high trading volumes, and income gains. According to the German stock exchang

London stock exchange: LSE wants to sell Milan stock exchange

due to The Corona-crisis, fluctuating markets make the stock exchange operators of high trading volumes, and income gains. According to the German stock exchange, the London stock exchange, reports LSE good half-year figures. It has increased its revenue by 4 percent to 1.06 billion pounds and will increase its dividend by 16 percent to 23.3 Pence. The stock exchange operator was on Friday in the trade by almost 2 per cent in the Plus.

Philip Plickert

economic correspondent based in London.

F. A. Z.

For the interest of the communication from the LSE that it is in talks on the sale of the Borsa Italiana, in whole or in the bond division, MTS provided. This is in connection with the audit of the purchase of the financial data provider Refinitiv by the competition authorities of the EU Commission. The Refinitiv Deal for 27 billion dollars is the most important project of LSE-in-chief David Schwimmer. He said the Acquisition would make "good progress".

Brussels has objected to it

but There are objections from competition regulators in Brussels and elsewhere. The EU is critical of the fact that in the case of a LSE-Refinitiv-merger, the London with the Italian bond trading business MTS, and Tradeweb, at the LSE, a majority holds too much market power in the area of trade with European sovereign bonds. Therefore, the LSE could be forced to Borsa Italiana to make.

Earlier, stresses the LSE still, she didn't want to disconnect from the 2007 to 1.7 billion euros, acquired Italian subsidiary, which operates the stock exchange in Milan. As the most important prospect for the Italian trade place the European stock exchange company Euronext, which operates six stock exchanges including Paris and Amsterdam is. Also, the German stock exchange has an interest, at least, is the group chief Executive Theodor Weimer spoke at the annual press conference in February.

Updated Date: 31 July 2020, 09:19

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