Source: SIX Group
STOXX AG and Indexium AG are operated as joint ventures by SIX and Deutsche Börse AG (DBAG). SIX confirms that it has entered into negotiations with DBAG over the complete acquisition of the shares SIX holds in the two joint ventures by DBAG at a purchase price of CHF 650 million.
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.
Contributed | what does this mean?