Markets

London Stock Exchange LSE probably wants to sell Milan Stock Exchange

Dhe markets, which fluctuate strongly due to the corona crisis, give exchange operators high trading volumes and earnings gains. After the German stock exchange, the London stock exchange LSE now reports good half-year figures. It has increased its revenue by 4 percent to £ 1.06 billion and will increase its dividend by 16 percent to 23.3p. The stock exchange operator’s share was up almost 2 percent on Friday in trading.

The announcement by LSE that it was holding talks about the sale of Borsa Italiana as a whole or the MTS bond division was of interest. This is in connection with the review of the purchase of the financial data provider Refinitiv by the competition authorities of the EU Commission. The $ 27 billion refinitive deal is LSE boss David Schwimmer’s most important project. He said the takeover was “making good progress.”

Brussels has objections

However, there are objections from competition keepers in Brussels and elsewhere. The EU is critical that an LSE refinement merger would give Londoners too much market power in European government bond trading with Italian bond trading MTS and Tradeweb, in which LSE holds a majority. As a result, the LSE may be forced to surrender the Borsa Italiana.

LSE had previously emphasized that it did not want to part with the Italian subsidiary, which was acquired in 2007 for 1.7 billion euros and operates the Milan Stock Exchange. The most important prospect for the Italian trading center is the European exchange company Euronext, which operates six exchanges, including Paris and Amsterdam. Deutsche Börse is also interested, at least CEO Theodor Weimer spoke of it at the annual press conference in February.

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