Delphine d’Amarzit joins Euronext Paris as chief executive, replacing Anthony Attia who will become global head of primary markets and post-trade at a group level at Euronext.
The European Commission’s approval under the EU Merger Regulation takes the London Stock Exchange Group one step closer to its mammoth $27 billion Refinitiv take-over.
More than 99.9% of shareholder votes cast at the Euronext general meeting were in favour of its proposed takeover of LSEG’s Borsa Italiana.
The sale of LSEG’s Borsa Italiana business is dependent on approval from the European Commission on the exchange group's Refinitiv acquisition.
The acquisition of Borsa Italiana by Euronext is dependent on the LSEG gaining approval from European authorities for its blockbuster takeover of Refinitiv.
Euronext moves forward with Borsa Italiana talks after bids from fellow exchange operators Deutsche Börse and SIX.
To address competition concerns raised by the European Commission as it looks to acquire Refinitiv, LSEG is seeking to offload Borsa Italiana.
LSEG had previously stated it is considering offloading Borsa Italiana to alleviate competition concerns about its Refinitiv acquisition.
The European Commission had raised concerns that the combined LSEG and Refinitiv group could hold too much market share in bond trading once the deal closes.
Raffaele Jerusalmi will remain CEO of Borsa Italiana once he has stepped down as director of the capital markets business at LSEG.