Source: SIX Group
SIX Securities Services Ltd is selling SIX SAG Ltd and therefore its business in the areas of share register services and general meetings for third companies.
The disposal will permit SIX Securities Services Ltd to focus even more strongly on its core business. The buyer is Computershare Ltd, the market leader in the area of bank-independent issuer services. Computershare will take over the entire business and workforce of SIX SAG Ltd upon completion of the transaction, scheduled to take place in the fourth quarter of 2015 at the latest.
With its 25 staff, SIX SAG Ltd offers services in the areas of share register and special register services as well as in the preparation and conduct of general meetings. This involves SIX SAG Ltd's assumption of administrative tasks on behalf of its clients, thereby enabling them to focus on their core business. The disposal of SIX SAG Ltd to Computershare creates synergies: clients will have access to an extended range of products that will enable them to adopt an even more professional stance in their dealings with shareholders, clients and staff.
SIX Securities Services Ltd provides a range of post-trade services (clearing, settlement and securities custody) and therefore plays a key role in the Swiss financial market infrastructure. With the disposal of SIX SAG Ltd, SIX Securities Services Ltd will be able to focus more strongly on services connected with its core business.
Thomas Zeeb, Division CEO SIX Securities Services: "We are delighted that SIX SAG Ltd will be optimally placed under the umbrella of the major international company Computershare to meet growing regulatory requirements, continue to grow and thereby consolidate its leading market position in Switzerland. Its disposal to Computershare not only guarantees continuity but opens up new horizons for our staff and clients by enabling them to capitalize on Computershare's wider spectrum of services."
“We’re pleased to be making this acquisition in Switzerland”, said Steffen Herfurth, CEO for Computershare in Continental Europe. “We’re excited to have this opportunity to extend our core businesses further across Europe and look forward to welcoming SAG clients and employees to Computershare. Our ability to add value to this business given its alignment with our core competencies provides tremendous opportunities for all SAG clients and their stakeholders.”