Euronext is raising €1.8bn in new equity to fund deal for Borsa Italiana. Photo: Camilla Cerea/BloombergEuronext, the owners of the Irish Stock Exchange, is looking to raise €1.8 billion in a rights issue after completing the purchase of Borsa Italiana. The stock exchange is offering 30.5m shares at an issue price of €59.65 each, according to a statement. That will help fund the €4.4bn acquisition of London Stock Exchange Group’s (LSEG) Italian operation. LSEG agreed to sell Borsa Italiana to Euronext and two Italian lenders in October, in a deal that creates the largest listing venue in Europe.

Source: Irish Independent April 29, 2021 10:30 UTC