24 May 2013

SIX completes sale of Eurex stake to Deutsche Börse

30 April 2012  |  1380 views  |  0 Source: SIX

SIX has sold its share of the Eurex joint venture to Deutsche Börse AG with effect from 1 January 2012.

The implementation project was concluded today with the successful execution of the sale. This marks the final transfer of Eurex to Deutsche Börse AG.

SIX has sold its share of the joint venture Eurex to Deutsche Börse AG with economic effect from 1 January 2012 (see press release of 7 June 2011). In return SIX is receiving EUR 295 million in cash and around 5.3 million shares of Deutsche Börse AG as the purchase price. Today's conclusion of the implementation project has now enabled the sale to be executed successfully. This marks the final organizational transfer of Eurex to Deutsche Börse AG. At the same time the letter of comfort issued by SIX in favor of Eurex Clearing AG for the hedging of its liabilities amounting to EUR 105 million was also repealed. As sole shareholder Deutsche Börse AG will in future also continue to uphold the Swiss markets currently operated by Eurex Zürich AG as before. 

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