The London Stock Exchange vowed on Monday to complete its agreed deal to buy the Borsa Italiana, saying there is no chance that Nasdaq, its erstwhile suitor and single largest shareholder, can derail the transaction.

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Maggie Urry on the confidence of the two bourses over the merger deal despite the question mark over the Nasdaq stake

Clara Furse, the LSE chief executive, told a press briefing: “Nasdaq does not have the right to veto or block the operation. This operation requires 50.1 per cent of the votes in favour in order to be approved. We have trust and confidence in our shareholders.”