Deutsche Boerse FX deal stretches financial limits CGAThompson
German stock exchange operator Deutsche Boerse said on April 11 that it is in “concrete negotiations” with Refinitiv about the potential acquisition of certain of the data provider’s foreign exchange business units.
The statement came after Reuters reported on April 10 that Deutsche Boerse was in talks to buy FXall, a foreign exchange electronic trading platform owned by Refinitiv, citing people familiar with the matter. “The negotiations and assessments of a potential transaction are ongoing,” Deutsche Boerse said in a statement. However, it added that"the purchase price of $3.5 billion and the imminent signing of binding contracts mentioned in the market speculations are entirely unfounded".
Selling the platform would help Refinitiv trim its debt pile following its acquisition last year by a consortium led by Blackstone Group in a $20 billion leveraged buyout. Thomson Reuters, the parent company of Reuters Breakingviews, owns 45 percent of Refinitiv.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Deutsche Boerse nears $3.5 billion deal to buy Refinitiv's FXall - sourcesGerman stock exchange operator Deutsche Boerse AG is in advanced talks to buy FX...
Read more »
Deutsche Boerse says it is in talks to buy some Refinitiv FX unitsGerman stock exchange operator Deutsche Boerse AG said on Wednesday that it is i...
Read more »
Deutsche Boerse buys Axioma for $850 million to create index analytics businessDeutsche Boerse is buying risk management software provider Axioma for $850 mill...
Read more »
Deutsche Boerse says it is in talks to buy some Refinitiv FX unitsGerman stock exchange operator Deutsche Boerse AG said on Wednesday that it is i...
Read more »
Exclusive: Deutsche Boerse nears $3.5 billion deal to buy Refinitiv's FXall - sourcesGerman stock exchange operator Deutsche Boerse AG is in advanced talks to buy FX...
Read more »
ECB's Coeure says financial risks from no-deal Brexit are limitedThe European Central Bank considers that risks to the euro zone financial stabil...
Read more »
Deutsche Boerse buys Axioma for $850 million to create index analytics businessDeutsche Boerse is buying risk management software provider Axioma for $850 mill...
Read more »
Harvard Investigates Fencing Coach’s Financial Deal With Parent of Two StudentsHarvard University is investigating its head fencing coach over financial transactions he made with the family of a current and a former student on the team, including a home sale shortly before the younger one applied to the school.
Read more »