Merger talks between the Borsa Italiana and the Deutsche Borese are seemingly off.
The Italian exchange reports that in the last few days it reiterated its desire for a federal European exchange project, based on an industrial plan and balanced corporate governance structure.
However, “Deutsche Boerse last night communicated that it does not completely share these principles,” it says.
As a result, the Borsa Italiana says it will review its next steps in the next few days.
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