* CDP would take around 8% stake in Euronext - sources
* Italy would get 2 Euronext management board seats - source
* Would also pick Euronext supervisory board chair - source
ROME/LONDON, Sept 10 (Reuters) - French stock exchange
operator Euronext has made Rome a key ally in its bid
plan to take over Borsa Italiana, granting Italian state lender
CDP significant influence in the combined business, sources
familiar with the matter told Reuters.
CDP is set to take a stake of around 8% in Euronext,
equalling that held by French state investor Caisse des Depots
et Consignations, the sources said, speaking on condition of
Italian bank Intesa Sanpaolo has also teamed up
with CDP to safeguard Italian interests in the Milan bourse,
while other Italian investors are set to join, the sources said.
Intesa Sanpaolo, Euronext and the Italian Treasury declined
Rome is keen to see the Euronext consortium prevail in
negotiations with the London Stock Exchange (LSE), which
took control of Borsa in 2007 and is now trying to sell it as
part of the regulatory remedies to clear its $27 billion
acquisition of data provider Refinitiv.
Italian Finance Minister Roberto Gualtieri held talks over
the future of the bourse with Euronext Chief Executive Stephane
Boujnah in a private meeting in Rome on Wednesday.
Euronext's proposal would offer Italy two seats on its
managing board and additional representation at all governance
levels, one of the sources said.
Boujnah is also prepared to grant Italy the ability to
appoint Euronext's supervisory board chairman, who oversees the
activity of the managing board, one of the sources said.
In addition, Rome will exercise great influence over Borsa's
MTS platform, which is used for trading Italy's huge sovereign
debt and is seen as an asset of strategic importance, this
Discussions over the deal structure are still fluid and both
sides have yet to reach a final agreement, the sources said.
Swiss stock exchange Six and Deutsche Boerse are
also planning to launch rival bids for the Milan bourse, with
Six hoping to lure Rome with a proposal that would give Borsa
some form of strategic independence by keeping its management
team, brand and autonomy, two separate sources said.
Six became Europe's third largest stock exchange operator by
revenues after completing a 2.57 billion euro ($3.05
billion)takeover of Spanish rival BME earlier this year.
But while LSE will review the offers and shortlist the final
bidders, the Italian Treasury is playing kingmaker and will use
its "golden power" legislation to block any unwanted takeover of
Borsa, deemed a key asset by Italian lawmakers.
Six and Deutsche Boerse declined to comment.
($1 = 0.8414 euros)
(Reporting by Giuseppe Fonte in Rome and Pamela Barbaglia in
London; additional reporting by Valentina Za, Elvira Pollina and
Elisa Anzolin in Milan;
Editing by Susan Fenton and Mark Potter)