Euronext and Borsa Italiana's 51:49 joint venture has closed the acquisition of 51 per cent of Societa per il Mercato dei Titoli di Stato (MTS).
The joint venture, called MBE Holding, will be chaired alternately by Euronext and Borsa Italiana, starting with Euronext CEO and Chairman of the Managing Board, Jean-François Theodore. The initial deputy chairman will be Massimo Capuano, President and CEO of Borsa Italiana.
As previously announced on 1 July 2005, a second phase of capital restructuring is underway. It will allow historical shareholders and MTS dealers to potentially sell their shares between themselves. At the end of the process, MBE Holding may have to buy the rights not exercised. This final step will be achieved early next year.
For more information on trading and execution, please click here