The LSE is selling Borsa as part of regulatory remedies to see through its $27 billion purchase of data provider Refinitiv, which is 45% owned by Thomson Reuters, parent company of Reuters News.
LONDON: London Stock Exchange entered exclusive talks on Friday to sell Borsa Italiana to Euronext, with the French operator seeing off bids by Deutsche Boerse and Switzerland's Six as it looks to add another bourse to its European network.
Dubbed "Project Botticelli", the LSE's sale of the Milan stock exchange is politically sensitive in Rome because of concerns about who could take control of Borsa's bond platform, which handles trading of Italy's government debt.
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