Deutsche Börse has completed the acquisition of 50% of Eurex Zürich from Swiss financial services group SIX for €295 million in cash and about 5.3 million shares.
The transaction, which was initially agreed on 7 June 2011, makes Deutsche Börse the sole owner of the derivatives exchange.
Retroactive as of 1 January 2012, Deutsche Börse Group will receive all Eurex Group profits as sole shareholder of Eurex Zürich. Deutsche Börse Group previously received 85% of Eurex Group’s profits.
Deutsche Börse is fully acquiring all subsidiaries and shareholdings of Eurex Group, including International Securities Exchange Holdings, as well as the stakes in Direct Edge Holdings and the European Energy Exchange. Moreover, it is acquiring all Eurex software and trademark rights. Eurex’s Swiss markets will continue to be operated by Eurex Zürich.
Reporting by Janet du Chenne, Global Custodian, an Asset International publication