Javier Hernani, CEO of BME, said:
Joining SIX is fantastic news for BME. Together we have a stronger business model that will enable us to continuously improve our products and services offering as well as significantly grow our client reach. The combined group will now be able to better address the growing needs of the Spanish market and at the same time expand its global footprint. BME will continue to respond to the needs of its clients and its market, as part of a stronger group that is eager to invest and innovate.
SIX and BME will continue to serve their domestic markets while increasing their global footprint, benefitting from more balanced, multi-asset profile, with a stronger positioning in Europe’s financial market infrastructure.
The combined group will also benefit from the flexibility to use more capital on new projects and accelerate investments in innovation. SIX intends utilize opportunities presented by the Spanish market and invest in local infrastructures to attract new investors.
In terms of management, BME’s board of directors will comprise a significant percentage of Spanish representatives, while SIX will propose to give entry to two independent Spanish directors of BME to its own board. Javier Hernani Burzako, CEO of BME, will become a member and join the SIX Executive Board, effective immediately.
Read More:
- SIX launches data sharing platform for financial institutions and third-party providers
- André Helfenstein elected to the board of directors of SIX
- SIX and Nasdaq will use microwave technology to provide faster market data access
The post Financial markets operator SIX acquires a controlling stake in Spanish stock exchanges BME appeared first on LeapRate.
,
