Deutsche Boerse and Six launch charm offensive to win Borsa bid battle: sources

LONDON/MILAN/FRANKFURT (Reuters) - Germany's Deutsche Boerse and Swiss stock exchange operator Six have launched a charm offensive to win the backing of Italian officials before submitting final bids for the Milan bourse, sources familiar with the matter told Reuters. Executives at both exchanges are trying to thwart Rome's alliance with France's Euronext and have held meetings in recent weeks to persuade the Italian Treasury - which controls state lender Cassa Depositi e Prestiti (CDP) - of the merits of their respective proposals, the sources said. (Reporting by Pamela Barbaglia in London, Valentina Za in Milan and Tom Sims in Frankfurt; additional reporting by Arno Schuetze and Elvira Pollina)

Reuters September 17, 2020 00:06:28 IST
Deutsche Boerse and Six launch charm offensive to win Borsa bid battle: sources

Deutsche Boerse and Six launch charm offensive to win Borsa bid battle sources

LONDON/MILAN/FRANKFURT (Reuters) - Germany's Deutsche Boerse and Swiss stock exchange operator Six have launched a charm offensive to win the backing of Italian officials before submitting final bids for the Milan bourse, sources familiar with the matter told Reuters.

Executives at both exchanges are trying to thwart Rome's alliance with France's Euronext and have held meetings in recent weeks to persuade the Italian Treasury - which controls state lender Cassa Depositi e Prestiti (CDP) - of the merits of their respective proposals, the sources said.

(Reporting by Pamela Barbaglia in London, Valentina Za in Milan and Tom Sims in Frankfurt; additional reporting by Arno Schuetze and Elvira Pollina)

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