SIX Group has decided to sell its stake in the Eurex joint venture to Deutsche Borse in order to concentrate on its core business as a supplier of infrastructure to the Swiss financial centre.
SIX Group and Deutsche Borse (DBAG) have agreed that SIX Group will sell its holding in the joint venture company Eurex to DBAG on 1 January 2012.
In return, SIX Group will receive a payment in cash plus shares in the company created from the merger of DBAG and NYSE Euronext.
The contract with DBAG, which is due to expire at the end of 2014, would have required an agreement concerning the dissolution of the joint venture, while the planned merger of DBAG and NYSE Euronext also creates new circumstances.
DBAG said as sole shareholder of Eurex Zurich, it will lead the Swiss derivatives market to the same extent as it has up to now for at least a further three years.
