Euronext and Borsa Italiana bid for MTS

Profits grow despite cash trading slump

Euronext, the pan-European stock exchange, and Borsa Italiana have made a joint preliminary offer for MTS, the European, electronic bond market.

The two exchanges confirmed that they have bid for the Rome-based company at a news conference this morning. Jean-François Theodore, chief executive, told Reuters: "We hope to be selected."

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