Source: LSE
Borsa Italiana S.p.A., a subsidiary of London Stock Exchange Group, today acquired 94.4 per cent of Pro Mac S.p.A., the company responsible for the promotion of MAC (Mercato Alternativo Del Capitale), for a cash consideration of €5.147 million from 22 existing shareholders of the company, including a number of leading Italian banks and associations.
Borsa Italiana will own 99.6 per cent of Pro Mac S.p.A. following the transaction.
MAC is one of the markets dedicated to Italian small and mid-cap companies which is currently managed by Borsa Italiana. The largest Italian banking groups will continue to operate as Sponsors for MAC companies. MAC will maintain its current regulatory framework.
This acquisition will enable Borsa Italiana to further develop markets for Italian small and mid-cap companies, with a focus on providing an integrated management structure better suited to issuers' needs.