Deutsche Börse AG said Sunday it is buying over-the-counter trading platform 360T for EUR725 million.
Deutsche Börse and owners of Frankfurt-based 360T Beteiligungs GmbH, which include U.S. private-equity firm Summit Partners, have signed a definitive agreement for the deal, which still awaits regulatory approval. If approved, the deal would boost Deutsche Börse’s foreign-exchange, money-market and derivatives trading on the so-called over-the-counter market, away from exchanges.
This would be the biggest acquisition for Deutsche Börse since a planned combination with NYSE Euronext failed to win antitrust approval in Europe in 2012.
Full content: The Wall Street Journal
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