SIX Group CEO rules out Allfunds bid amid M&A hunt

Allfunds

27/03/2024 17:35

(Adds more quotes)
    By Pablo Mayo Cerqueiro
       LONDON, March 27 (Reuters) - SIX Group has ruled out
making a bid for fund distribution group Allfunds  ALLFG.AS 
after studying an acquisition, and will instead consider other
deals that can expand its data business or give it access to new
asset classes, its CEO Jos Dijsselhof told Reuters.
    "We don't think that's something for us," Dijsselhof said in
an interview on Wednesday when asked about Allfunds. "We've also
had a look at it, but not our cup of tea."
    Dijsselhof said SIX is in contact with private equity firms,
including Allfunds largest shareholder Hellman & Friedman, as it
scans the market for possible acquisitions.
    The comments come two months after Reuters reported that
SIX, the operator of the Swiss and Spanish stock exchanges, was
in the early stages of exploring a takeover of Amsterdam-listed
Allfunds.

 (Reporting by Pablo Mayo Cerqueiro in London. Editing by
Anousha Sakoui and Elaine Hardcastle.)
 ((pablo.mayocerqueiro@thomsonreuters.com))