Deutsche Börse Group has completed its full acquisition of Eurex Zürich AG. Deutsche Börse is to pay €295 million and transfer approximately 5.3 million Deutsche Börse AG shares to the SIX Group.
This gives the SIX Group a stake of around 2.7 per cent in Deutsche Börse AG. In return, Deutsche Börse has acquired the SIX Group’s share in the Eurex Group, the derivatives market provider that was previously under joint operation. The transaction was agreed on 7 June, 2011.
Retroactive as of 1 January 2012, Deutsche Börse Group will receive all Eurex Group profits as sole shareholder of Eurex Zürich AG. Deutsche Börse Group previously received 85 per cent of Eurex Group’s profits.
Full article
© Hedgeweek
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article