Potential impact on data

Deutsche Börse AG Divests International Securities Exchange Holdings, Inc.


On March 9, 2016, Deutsche Börse AG (Deutsche Börse) and NASDAQ, Inc. (NASDAQ)entered into an agreement regarding the sale of International Securities Exchange Holdings, Inc. (“ISE”), operator of three US equity options exchanges, and ISE’s holding company U.S. Exchange Holdings, Inc. to NASDAQ for a total cash consideration of 1.1 billion US$. The agreement excludes ownership interest in Bats Global Markets, Inc. and in Digital Asset Holdings LLC, which will continue to be owned by Deutsche Börse.

At the time of the acquisition ISE was allocated to the Eurex segment from a balance sheet perspective. With the divestiture, the goodwill of the Eurex segment will only reduce partially, so that a high triple-digit million euro disposal gain is expected for Deutsche Börse on the group level.

In the context of its growth strategy “Accelerate” Deutsche Börse implemented far-reaching organizational changes and defined the Group’s financial targets. As part of that, the company is constantly evaluating the competitive positioning, profitability, ability to innovate, and strategic benefits of all its shareholdings and own activities.

The completion of the transaction is subject to the approval by competition and supervisory authorities and is anticipated for the second half of 2016.

Perella Weinberg Partners LP is advising Deutsche Börse on the transaction. Allen & Overy is serving as Deutsche Börse’s legal counsel.

See the original announcement.

Data Sources: Deutsche Boerse  |  Effective Date: March 09, 2016


Next
Next

More Articles on Others

Potential impact on data SGX to Acquire Baltic Exchange

On July 22, 2016, Singapore Exchange Limited (SGX) and The Baltic Exchange Limited (Baltic Exchange) announced that they had agreed on the terms for a recommended offer by SGX for the entire issued share capital of the Baltic Exchange (Proposed ... Read more »

Data Sources: Baltic Exchange  |  Effective Date: November 30, 2016

Introduction of new products and data sources CME Lists S&P GSCI Commodity Index Futures Contract

Effective May 22, 2016, pending all relevant CFTC regulatory review periods,  Chicago Mercantile Exchange Inc. (CME) made S&P GSCI™ Commodity Index Futures contract (CME Rulebook Chapter: 401; Clearing Code: GI; CME Globex Code: GI) available for submission for clearing through ... Read more »

Data Sources: CME  |  Effective Date: May 22, 2016

Introduction of new products and data sources Canada, Mexico, United States launch North American Cooperation on Energy Information Site

The Energy Minister and Secretaries from Canada, Mexico, and the United States are launching a framework for sharing energy information for North America, hosted at www.nacei.org. The website can be displayed in English, French, and Spanish and has links to ... Read more »

 Effective Date: February 16, 2016

Introduction of new products and data sources CBOE to List SPX Wednesday-Expiring Weeklys Options

The Chicago Board Options Exchange® (CBOE®) lists S&P 500® Index (SPX) Wednesday-expiring WeeklysSM options beginning February 23, 2016. CBOE’s new SPX Wednesday-expiring Weeklys options, or “Wednesday Weeklys,” will generally have the same characteristics as CBOE’s Friday-expiring SPX Weeklys options, with the ... Read more »

Data Sources: CBOE  |  Effective Date: February 23, 2016

Introduction of new products and data sources CBOE to Offer FLEX Index Options with Asian and Cliquet Style Settlement

Beginning March 21, 2016, the Chicago Board Options Exchange® (CBOE®) starts offering FLEX® index options with Asian and Cliquet style settlement. FLexible EXchange (FLEX) options, created by CBOE in 1993, are customizable options that allow users to define various contract terms ... Read more »

Data Sources: CBOE  |  Effective Date: March 21, 2016

Potential impact on data EEX Acquires Majority Stake in PXE

The European Energy Exchange (EEX) and POWER EXCHANGE CENTRAL EUROPE (PXE) have signed an agreement in Prague today, by which the parties will enter into a closer cooperation. In doing so, EEX will become the new majority shareholder, acquiring 66.67 ... Read more »

Data Sources: EEX  |  Effective Date: March 31, 2016

Potential impact on data Nasdaq Completes Acquisition of Chi-X Canada

On February 01, 2016 Nasdaq announced the completion of its acquisition of Chi-X Canada, an Alternative Trading System for Toronto Stock Exchange (TSX) and TSX Venture listed securities, from Chi-X Global. Nasdaq announced its intent to acquire Chi-X Canada on December ... Read more »

 Effective Date: February 01, 2016

Introduction of new products and data sources ICE Futures Singapore Launches Commodity and FX Contracts

ICE Futures Singapore and ICE Clear Singapore launched trading and clearing on November 17, 2015. Total volume of 8,847 contracts traded and cleared on November 17, across energy, gold and FX. ICE is the first international exchange group to establish local ... Read more »

Data Sources: ICE  |  Effective Date: November 17, 2015

Potential impact on data DME Auctions to Enhance Spot Commodities Trading

On September 21, 2015 the Dubai Mercantile Exchange (DME) announced the launch of “DME Auctions” – a new platform that will provide a transparent spot commodity auction system for the first time in the Middle East. DME Auctions will provide ... Read more »

 Effective Date: September 21, 2015

Potential impact on data MCX Signs MoU to Set an International Exchange with International Financial Services Center (IFSC) at GIFT City

On August 25, 2015, Multi Commodity Exchange of India Ltd. (MCX) and GIFT SEZ Ltd., a wholly owned subsidiary of Gujarat International Finance Tec-City Company Ltd. (GIFTCL) at GIFT City signed an MoU in Mumbai for developing of an international ... Read more »

 Effective Date: August 25, 2015

 

Page 1 of 3512345...102030...Last »