Borsa Italiana signed an agreement to purchase NYSE Euronexts stake in MBE Holding
3 August 2007
Borsa Italiana signed today an agreement to purchase the 51% stake in MBE Holding owned by Euronext NV. With this transaction, Borsa Italiana (that already owns the 49% of MBE Holding) becomes the sole shareholder of the company. MBE Holding owns the 60.37% of MTS S.p.A: within this transaction, MTS will acquire from Euronext Paris SA the 33.33% of the share capital of MTSNext Ltd, currently controlled by MTS S.p.A. with a 66.67% stake. Under the terms of the agreement, NYSE Euronexts 51% stake in MBE Holding and 33% stake in MTSNext are valued at 100 million (dividend attached). The closing of the transaction is expected by mid-September 2007 Mediobanca has acted as financial advisor for Borsa Italiana