Deutsche Bourse To Buy SIX

Deutsche Bourse To Buy SIX
29.06.2015 01:00 am

Deutsche Bourse To Buy SIX

M&A Deals

Deutsche Boerse (DBAG) is in talks with Swiss Six Group to buy the remaining stakes in their joint ventures Stoxx and Indexium for 650 million Swiss francs ($692 million). The German exchange operator owns 50.1 percent of Stoxx AG and 49.9 percent of Indexium AG. 

The parties will discuss the further contractual provisions in the negotiations to follow. If the negotiations with DBAG are conducted successfully, an agreement will be reached subject to the approval of the SIX Board of Directors as well as any necessary approval from the authorities and the approval of the DBAG executive bodies. 

SIX currently holds 49.9% of STOXX AG and 50.1% of Indexium AG.

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