Mon. Mar 30th, 2020

Six considers the government’s permission to buy BME “excellent news”



The Swiss group Six has today expressed its satisfaction with the decision of the Spanish Government to authorize the purchase of Spanish Stock Exchanges and Markets (BME) and has reiterated its intention to “preserve and strengthen” the position of the Spanish company.

The CEO of Six, Jos Dijsselhof, has indicated that the authorization of the Spanish Executive is “excellent news” both for his company and for the Spanish market, which “will be reinforced with the creation of centers of excellence and the incorporation of new capabilities for investors, as well as the raising of new international capital funds, “according to statements in a statement.

Dijsselhof stressed that “from minute one” Six’s intention “has been and continues to be to preserve and strengthen BME’s position in Spain, maintaining its brands, its current commercial activities, its headquarters and offices, and investing in new technologies and growth opportunities”.

The CEO of the Swiss group recalled that, although the authorization of the Spanish Government “is an important step forward”, there is still “a long way to go”.

The National Securities Market Commission (CNMV) has yet to authorize the prospectus of the takeover bid formulated by Six.

The Council of Ministers today authorized, at the proposal of the Ministry of Economic Affairs, the purchase of 100% of BME’s capital by Six, manager of the Swiss stock exchange, considering that the operation meets legal requirements and after commitments acquired by this group.

The Government has approved the operation once the favorable report from the CNMV has been obtained and after carrying out the hearing process with the autonomous communities with jurisdiction in the matter

Previously, on February 13, the National Commission of Markets and Competition (CNMC) had also authorized the takeover of BME, manager of the Spanish stock markets, central counterparty entity and central depository of securities in Spain, by Six, understanding that the operation did not pose a threat to competition.

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