Euronext: S&P evaluates potential purchase of Borsa Italiana

(CercleFinance.com) - On Friday 9 October, Euronext announced that it had sealed a deal with London Stock Exchange Group PLC (LSEG) to acquire its Italian subsidiary that holds Borsa Italiana and its operational subsidiaries.


According to S&P, the “intended acquisition of Borsa Italiana SpA (BI) could lead to a significant and sustained increase in its financial leverage”. S&P considers that this acquisition will allow Euronext to “defend” and “strengthen its market position” in the capital markets.

“We are placing our 'A-' long-term issuer credit ratings on Euronext and 'A-' issue rating on the company's senior bonds on CreditWatch with negative implications” indicates S&P. At the same time, the rating agency confirmed its 'A-2' short-term issuer credit rating on the company.

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