|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||28.40 - 28.69|
|52 Week Range||16.46 - 28.85|
|Beta (5Y Monthly)||0.52|
|PE Ratio (TTM)||50.88|
|Forward Dividend & Yield||0.15 (0.53%)|
|Ex-Dividend Date||Aug 20, 2020|
|1y Target Est||N/A|
The London Stock Exchange (LSE) said on Friday it may sell all or part of Borsa Italiana to help get its $27 billion takeover of Refinitiv over the line, a move that could trigger a bidding war among European exchanges for the Milan assets. The London exchange operator said that it had begun "exploratory discussions" which could result in MTS, Borsa Italiana's bond trading platform, or its entire Italian arm being sold. The European Union's antitrust regulators are currently reviewing the deal and expressed concern in June about the combined company's large market share in the trading of European government bonds because both MTS' trading venue and Refinitiv's Tradeweb are already market leaders.
Lawmakers from Italy's ruling 5-Star party said they would ask the Rome government to table a bid for the Milan stock exchange after the London Stock Exchange (LSE) said on Friday it may sell part or all of it. "We have filed a resolution ... to get the government to take every initiative needed to arrange a competitive bid to bring back Borsa Italiana under domestic control and stave off any break-up of the group," 5-Star lawmaker Davide Zanichelli said in a statement.
EU antitrust regulators have temporarily suspended their investigation into the London Stock Exchange's $27 billion bid for data and analytics company Refinitiv while waiting for the companies to provide requested data. The halt took effect on July 13, the European Commission said on Friday. "This procedure in merger investigations is activated if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them," the EU competition executive said.