Neonet, a Swedish-based agency brokerage and technology provider, has called off cooperation talks with a “counterparty”, widely believed to be German stock exchange group Deutsche Börse.
“Neonet has decided not to proceed with the previously announced discussions with a counterparty concerning possible forms of cooperation,” the firm said in a statement issued Friday evening. “Neonet also confirms that no offer has been received by the company.”
On 5 January, German newspaper Handelsblatt reported that Deutsche Börse was planning a “double-digit million takeover” of Neonet. A statement posted on Neonet’s website the following day confirmed that talks with a possible counterparty were ongoing.
Neonet and Deutsche Börse declined to comment further on Neonet’s statement.