Italy and Euronext plan Borsa Italiana deal

Expansion mood: A visitor arrives at the Amsterdam Stock Exchange, operated by Euronext. Euronext operates stock markets in cities including Amsterdam, Oslo and Paris and is keen to add to its stable under its acquisitive CEO Stephane Boujnah. — Bloomberg

ROME: Italy is considering teaming up with Euronext NV to pursue an acquisition of the country’s stock exchange operator, people with knowledge of the matter said.

The government and Euronext have been weighing the possibility of a joint purchase of Borsa Italiana SpA, which is owned by London Stock Exchange Group Plc, the people said, asking not to be identified because the information is private. In one scenario under discussion, Euronext would end up as the owner of the Italian bourse while state-owned Cassa Depositi e Prestiti SpA (CDP) would get a stake in Euronext, the people said.