Borsa Italiana, the Italian stock and derivatives exchange group, has appointed UBS to advise on a flotation.

The Swiss bank was appointed following a beauty parade "involving the major investment banks" the exchange said in a statement.

Jonathan Sibun

London Stock Exchange

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

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The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

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Borsa Italiana picks UBS for float

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