SIX Group has taken an essential step towards the acquisition of the Madrid stock exchange, BME. The operator of the Swiss stock exchange received the green light from the Spanish government on Tuesday for this acquisition at 2.84 billion euros (3 billion francs). The Spanish market regulator and BME shareholders must now decide on this offer. If the deal goes ahead, SIX would become the third largest stock exchange operator in Europe, behind Euronext and the London Stock Exchange, and would benefit from a presence in the European Union (EU).
By acquiring Bolsas y Mercados Españoles (BME), SIX does not seek to circumvent or respond to the end of the stock market equivalence decided by the European Union (EU) at the end of June 2019, against the backdrop of differences over an institutional framework agreement between Bern and Brussels.
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