LSE Mergers and Acquisitions Presentation Deck
Divestment of Borsa Italiana Group
Announced the sale Borsa Italiana Group to Euronext for €4.325 billion in the context of the EC's Phase II
review of the Refinitiv Transaction
-
-
Expected completion H1 2021 likely post completion of the
Refinitiv transaction
All cash transaction with proceeds used to reduce indebtedness
and general corporate purposes
Approved by LSEG and Euronext shareholders
Financial performance associated with Borsa Italiana will be
recognised as discontinued item in LSEG's accounts when more
certainty on regulatory approvals are achieved
Assets forming part of the Borsa Italiana Group divestment
perimeter include:
Data & Analytics
Borsa Italiana - Real
Time Data
Capital Markets
MTA / AIM Italia / MIV
ELITE
MTS / MOT / Extra MOT
/ ETFplus / ATFund /
SeDeX / IDEM
Note:
(1)
Post Trade includes net treasury income generated by CC&G
(2) All numbers presented in the table below are on an underlying basis
Post Trade
CC&G
Monte Titoli
CC&G - NTI
Financial performance (2) relating to the
Borsa Italiana Group
£m
Data & Analytics
Capital Markets
Post Trade (1)
Other revenue
Total income
Cost of sales
Gross profit
Adjusted operating expenses
Adjusted EBITDA
Underlying depreciation and amortisation
Adjusted operating profit
Net interest expense
Tax
Profit after tax
London
Stock Exchange Group
Non-controlling interest
Underlying profit
Adjusted EBITDA Margin
FY2019
36
203
152
4
395
(17)
378
(132)
247
(29)
218
(1)
(61)
156
(7)
149
62.5%
H1 2020
19
108
80
1
Page 11
208
(8)
200
(68)
132
(14)
117
0
(35)
82
(3)
79
63.5%View entire presentation