SIX is selling its shares in the joint ventures STOXX AG and Indexium AG to Deutsche Börse.
The rights to all Swiss indices (including SMI and SPI) are not affected by the sale and will still be held and operated by SIX.
STOXX AG and Indexium AG have been operated as joint ventures by SIX and Deutsche Börse AG (DBAG) since 1998 and 2010, respectively. DBAG made SIX an offer at the end of June 2015 for the acquisition of shares held by SIX in STOXX AG and Indexium AG. SIX owns 49.9% of STOXX AG and 50.1% of Indexium AG.
The global index business is not part of SIX's core mandate, so SIX has now decided to sell its shares in the joint ventures STOXX AG and Indexium AG to DBAG, therefore terminating the joint ventures with DBAG. A purchase price of CHF 650 million has been agreed, and the sale of SIX's shares in STOXX and Indexium is going to be completed on July 31, 2015. The rights to all Swiss indices (including SMI and SPI) are not affected by the sale and will still be held and operated by SIX. Stefan Mäder, Group CFO SIX: “DBAG made SIX an attractive offer at the end of June 2015 regarding SIX's shares in STOXX AG and Indexium AG, and 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.”
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