Borsa Italiana and London wedding

à weekend came the official announcement of the merger between Borsa Italiana and London Stock Exchange. On the basis of the merger described in a note by the two companies, equal to 4.9 shares for each of lse action Piazza Affari, it is estimated 1634 billion euro.In Thus was born the most important and diversified European stock market group, with a market capitalization of the record. According to this morning during the presentation of the transaction, expected synergies from the merger will amount to 58 million: 29 million euros by 2010 in relation to costs and other 29 million that will cover the revenue, but will arrive by 2011 . For the implementation of pear ² will be needed 59 million euros. It 'been placed under observation ratings of the London Stock Exchange Group. Agency analysts have been concerned about the possible increase of indebtedness that may be necessary to implement the merger. The British stock market does not consider a likely downgrade, "the revision of the rating depends on the right of withdrawal to engage shareholders," said the chief financial dell'Lse Jonathan Howell. "Our expectations are pretty low and we are covered" has assured the CFO of the baby bag britannica.Per group stock, as Clara says Furs, forecasts are more optimistic. "We expect to be attractive to other partners," said the Furs, stressing that the deal "will create value already this year," referring to the improvement of profits of at least 10% expected for 2009. Those shareholders of Borsa Italiana have expressed enthusiasm, because they saw their valued securities 100.7 euros per share. A good result, for a start.

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