SIX Agrees Sale of Index Businesses to Deutsche Börse
The sale of SIX's stakes in the Stoxx and Indexium joint ventures is set to complete on July 31.
SIX currently owns 49.9 percent of Stoxx and 50.1 percent of Indexium, but will sell the shares to Deutsche Börse, after deciding that the global index business is "not part of SIX's core mandate," and subsequently receiving "an attractive offer at the end of June 2015," from Deutsche Börse to acquire the shares in Stoxx and Indexium, which the companies have operated as joint ventures since 1998 and 2010, respectively.
"We quickly agreed on a deal that is fair for both parties. We are confident that this sale will allow SIX to continue to focus on its core business," says Stefan Mäder, SIX Group chief financial officer, in a statement.
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