SIX Group agrees to buy Aquis Exchange

Editorial

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SIX and Aquis have agreed phrases on a advisable money supply of 727 pence per share, a 120% premium on Friday’s closing value.

Based in 2012 by business veteran Alasdair Haynes, Aquis operates a pan-European MTF for money equities; licensing of proprietary market infrastructure applied sciences; an UK main itemizing development market; and market knowledge unit.

SIX says Aquis presents a “compelling strategic alternative”, serving to to create a pan-European trade throughout conventional main trade and MTF companies. In the meantime combining Aquis’ expertise enterprise with SIX’s capabilities will unlock recurring income streams.

Bjørn Sibbern, international head, exchanges, SIX, says: “As a part of SIX, Aquis will proceed to function underneath its present model and enterprise mannequin with most agility whereas benefitting from our assets, scale and additional funding, enhancing Aquis’ potential to proceed to develop its enterprise.”

Provides Haynes: “As a part of SIX, now we have an thrilling alternative to speed up the event of our enterprise and compete extra successfully on the European stage, whereas retaining our entrepreneurial spirit.”