Global Capital Markets

Borsa Italiana could resume plans for an IPO, after announcing disagreements with Deutsche Boerse over a proposed merger, Finanza & Mercati reported. The report cited authoritative sources who said that an IPO was now the only real course left for Borsa Italiana, the Italian stock exchange. However, the report noted that an alternative route would be to seek a merger with Euronext, the pan-European stock exchange presently in merger negotiations with the NYSE. The unsourced report said that only a highly attractive offer from Deutsche Boerse for Borsa Italiana is likely to breathe new life in the merger negotiations. An unsourced report in Milano Finanza said that the most likely scenario was Borsa Italiana merging with Euronext/NYSE. Euronext has a market cap of EUR 9bn.

Source Finanza & Mercati, Milano Finanza daily edition