When London Stock Exchange Group shelled out €1.6 billion for Borsa Italiana in 2007, analysts applauded the deal for giving it access to one of the most active share-dealing markets in Europe (Miles Costello writes). How times have changed. Last week’s move in the opposite direction, to offload Borsa Italiana to its pan-European rival Euronext, was seen as a similarly positive step, in this case making it easier for European regulators to wave through LSE Group’s acquisition of Refinitiv, the financial information provider.
London Stock Exchange Group was founded as a market for trading stocks in 1571. It has long played an active part in the consolidation of international securities markets and as well as Borsa Italiana, it owns a majority stake in
