Deutsche Börse is buying SIX Group’s 50% stake in electronic derivatives exchange Eurex. Deutsche will pay €295 million in cash and €295 million in shares of a combined Deutsche and NYSE Euronext entity, adds Reuters.
The deal is set to close on Jan. 1, 2012. Eurex will continue to manage the Swiss derivatives market through Eurex Zurich. Deutsche Borse’s contract with SIX Group is due to expire at the end of 2014.
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