Wednesday, April 7, 2010 as of 11:14 AM ET
The Borsa Italiana S.p.A., based in Milan, is Italy's main stock exchange. It was privatised in 1997 and is a part of the London Stock Exchange Group plc since 2007. In 2005, the companies listed on the Borsa were worth US$890 billion.
Read More at Wikipedia ›Italian banks Intesa Sanpaolo SpA (ISP.
MI) and UniCredit SpA (UCG.MI) Wednesday said they sold their entire stakes in the London Stock Exchange Group PLC (LSE.LN) at 960 pence a share, helping to send the U.K. exchange's stock sharply lower.Intesa said it sold 14.4 million existing ordinary LSE shares, representing GBP139 million in revenue. The bank said this translates into a net gain of around EUR105 million.UniCredit said it sold around 16.6 million ordinary shares, corresponding to GBP159.5 million in revenue and generating a net gain of EUR120 million.Morgan Stanley (MS) acted as bookrunner for the sale, which was announced Tuesday after the market close.Italian daily MF-Milano Finanza reported Wednesday, without citing sources, that the buyers are current shareholders Borse Dubai Ltd. and Qatar Investment Authority.The Dubai stock exchange owns a 20.6% stake in LSE, while the Qatari sovereign wealth fund has a 15.08% stake. Borse Dubai and the QIA weren't immediately reachable f...(Rewrites following Marchionne press conference)By Ian SimpsonTURIN, Italy, Sept 16 (Reuters) - Shareholders at Italy'sFiat SpA approved a split between its autos an...
The London Stock Exchange Group PLC (LSE.LN), which posted higher full-year profits Friday, said it is focusing on integrating the businesses it has bought recently,...
The London Stock Exchange Group PLC (LSE.LN) Friday said it expects to make good progress with its business despite an uncertain macroeconomic environment, after pos...
Italian cashmere clothing maker Brunello Cucinelli moved one step closer to making the country's first initial public offering this year when it obtained Monday appr...
The London Stock Exchange Group is to provide real-time market data to Google , bolstering the search-engine's Google Finance offering with free access to London pri...
Edizione Srl, the Benetton family's holding company, has no intention of raising its offer for the remaining shares in the Benetton Group SpA (BEN.MI) retail chain t...
Direct Edge Holdings LLC is exploring a sale or initial public offering as the electronic exchange company looks to grow amid tough market conditions and intense com...
Share trading on the London Stock Exchange was halted at the open on Friday, infuriating traders, with the operator blaming a technical problem.The latest incident c...
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