London Stock Exchange to sell Milan arm to Euronext for €4.3bn

Borsa Italiana deal clears way for LSE purchase of financial data provider Refinitiv

The London Stock Exchange Group has agreed to sell the Milan stock exchange to the rival group Euronext for 4.3bn (3.9bn) in cash, clearing the way for the LSE's purchase of the financial data provider Refinitiv.

The LSE and Euronext, which owns several European stock exchanges including the Paris bourse, began exclusive talks over the Borsa Italiana deal in September.