Borsa Italiana, a subsidiary of London Stock Exchange Group, has acquired 94.4% of Pro Mac, the company responsible for the promotion of MAC (Mercato Alternativo Del Capitale), for a cash consideration of €5.147m from 22 existing shareholders of the company.

Borsa Italiana will own 99.6% of Pro Mac following the transaction.

Borsa Italiana said that the large Italian banking groups will continue to operate as sponsors for MAC companies. MAC will maintain its current regulatory framework.

The acquisition is expected to 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.