Swiss group SIX to buy out Clearstream stake in REGIS-TR trade repository
03/09/2021 10:51
ZURICH, Sept 3 (Reuters) - Swiss financial infrastructure
group SIX will acquire a 50% stake in European trade repository
REGIS-TR from joint venture partner Clearstream, SIX said in a
statement https://www.six-group.com/en/newsroom/media-releases/2021/20210903-six-acquires-regis-tr.html
on Friday, giving no financial terms for the deal.
"The transaction is expected to close in the first half of
2022. The acquisition allows for a full consolidation and
integration of the REGIS-TR business within SIX," it said.
The joint venture between BME's Iberclear and Deutsche
Boerse's DB1Gn.DE Clearstream was founded in 2010 and
processed more than 3.2 billion trade messages in 2020, SIX
said.
(Reporting by Michael Shields; Editing by Douglas Busvine)
((Michael.Shields@thomsonreuters.com; +41 41 528 3630; Reuters
Messaging: michael.shields.thomsonreuters.com@reuters.net))