World, As Seen from the most beautiful islands: Ireland and Cyprus

Deutsche Börse is considering BME acquisition


The German stock exchange operator Deutsche Börse is considering joining the takeover battle for the Spanish Bolsas y Mercados Españoles (BME). That’s what the Spanish news site La Información writes.

Around BME, a takeover battle is taking place between stock market operator Euronext and industry partner SIX Swiss Exchange. Euronext reported being in talks with BME on Monday. Shortly thereafter, it was announced that the Swiss company SIX had made an offer for BME.

According to La Información, Deutsche Börse is still in the early stages of studying a bid for BME. The operator of the stock exchange in Frankfurt did not want to comment on the reporting.

SIX offers 34 euros per share in cash for BME. That amounts to more than 2.8 billion euros. The offer is 33.9 percent above the BME closing price on Friday. SIX expects to be able to complete a possible deal in the first half of 2020. BME called the bid “friendly” in an initial reaction, but says it is still considering a final judgment.

Euronext announced that it was discussing the options for placing a bid. However, the issue has not yet been taken. Rumors about Euronext’s interest in BME have been circulating for some time.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

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