Spain's BME buys out Infobolsa partner Deutsche Bourse
25 February 2016 | 3617 views | 0
Spanish exchange operator Bolsas y Mercados Españoles (BME) has paid partner Deutsche Bourse EUR8.2 million in cash to take full ownership of financial information outfit Infobolsa.
The two exchanges had each owned 50% in Infobolsa and its subsidiaries, including Open Finance, a provider of financial information services and technology for portfolio management.
BME says that the Open Fiance business is its main motivation for the deal, particularly because it will help the organisation expand its footprint in Latin America.
Deutsche Bourse has bigger fish to fry. Earlier this week it emerged that it is holding merger talks with the London Stock Exchange under a reverse takeover deal that would give the German exchange a 54.4% stake in the combined group.