Borsa Italiana announced today that its Board had approved unanimously a proposal to the shareholders of Montetitoli Spa to acquire the whole capital of the company.
Montetitoli Spa is the Italian Central Securities Depository.
The Board has consequently vested a Committee comprising the Chairman, the Vice Chairman and the CEO of Borsa Italiana with the definition of the terms of the proposal based on the consensus reached during today’s discussions.
The proposal is subject to statutory changes for both companies and to the connected controls by the Authorities.
The aim is to extend and strengthen the process of rationalisation of Italy’s financial markets as well as to boost their qualitative and quantitative growth and to reinforce the role of Borsa Italiana in the process of consolidation of European capital markets.