Italy to monitor Euronext commitments on Milan bourse, minister says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 03 2024
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Source: reuters
- Government Monitoring Commitments: Italy's government will monitor commitments made by Euronext after acquiring the Milan stock exchange, following a historic strike by unions.
- Union Accusations: Unions accused Euronext of consistent disinvestment from Italy, leading to the protest at the stock exchange.
- Euronext's Response: Euronext stated it had created over 100 jobs in Italy and emphasized the country's importance in its expansion plans.
- Ministry Involvement: Industry Minister Adolfo Urso mentioned that the ministry would oversee Borsa Italiana's performance and Euronext's compliance with acquisition agreement commitments.
- Upcoming Meetings: Urso announced two additional meetings regarding the labor dispute, involving Borsa Italiana and state lender Cassa Depositi e Prestiti.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
