Deutsche Börse buys Eurex Zurich for €295 million
01 May 2012 Zurich
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Deutsche Börse Group has fully acquired Eurex Zürich AG. Representatives of SIX Swiss Exchange/SIX Group AG and Deutsche Börse AG jointly finalized the transaction in Zurich, with Deutsche to pay €295 million and transfer approximately 5.3 million of its shares to the SIX Group. This gives the SIX Group a stake of around 2.7% 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. Deutsche Börse Group previously received 85% of Eurex Group’s profits.
Deutsche Börse Group is fully acquiring all subsidiaries and shareholdings of Eurex Group, including International Securities Exchange Holdings (ISE), Inc., as well as the stakes in Direct Edge Holdings, LLC and the European Energy Exchange AG. It will also hold all Eurex software and trademark rights. Eurex’s Swiss markets will continue to be operated by Eurex Zürich 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. Deutsche Börse Group previously received 85% of Eurex Group’s profits.
Deutsche Börse Group is fully acquiring all subsidiaries and shareholdings of Eurex Group, including International Securities Exchange Holdings (ISE), Inc., as well as the stakes in Direct Edge Holdings, LLC and the European Energy Exchange AG. It will also hold all Eurex software and trademark rights. Eurex’s Swiss markets will continue to be operated by Eurex Zürich AG.
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