Italy wants to secure more collateral when Euronext takes over Borsa Italiana. Italian politicians want the Milan Stock Exchange to be given more independence and decision-making powers in the new combination and, according to Bloomberg, urge Rome to delay the acquisition until these concessions are in place.

In October last year, London Stock Exchange Group agreed with Euronext to sell Borsa Italiana for more than 4.3 billion euros. The Italian Stock Exchange organisation has since been concerned about the power shift to Paris.

The European Commission has already approved the transaction, while Euronext expects the deal to be completed in the first half of the year. The transaction is still under assessment by the competition authorities and the Italian regulator of the Stock Exchange Consob.

If the acquisition takes place, Europe’s largest stock exchange organisation will be created. None of the parties involved wanted to comment on the issue.

London Stock Exchange decided to sell the Italian Stock Exchange in order to obtain approval from the regulator for the acquisition of Refinitiv.

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