Euronext shareholders approve the takeover of Borsa Italiana

The pan-European stock exchange operator has changed its governance, including two Italian representatives on the Supervisory Board.

The shareholders of the pan-European stock exchange operator Euronext on Friday almost unanimously approved the Borsa Italiana buyout transaction during an extraordinary general meeting.

“More than 99.99% of shareholders’ votes approved the Milan Stock Exchange buyout operation, announced in October by the pan-European operator for the sum of 4.33 billion euros and effectively expected from by the end of the first half of 2021, ”Euronext said in a press release.

The operator of the Amsterdam, Brussels, Dublin, Lisbon, Olso and Paris stock exchanges has also changed its governance, including two Italian representatives on the Supervisory Board, as well as the entry of a representative from the Italian Caisse des Dépôts and one of the Italian bank Intesa Sanpaolo among its reference shareholders.

The takeover is suspended in particular on the green light from the European Commission concerning the acquisition by the seller of Borsa Italiana, the London Stock Exchange, of the American financial data group Refinitiv.

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