Swiss Exchange Buys UK’s Aquis in Biggest Acquisition Since 2020
- Offer is at a 120% premium to Aquis’ closing share price
- SIX says deal will help expansion beyond home markets
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Switzerland’s exchange operator SIX Group AG agreed to buy Aquis Exchange Plc, a UK-based trading exchange and data provider, in a deal with an enterprise value of approximately £194 million ($250 million).
The offer is for 727 pence in cash per Aquis share, representing a 120% premium to Friday’s closing price. It has been unanimously recommend by Aquis directors, according to a statement on Monday. Aquis shares were trading at 705 pence as of 9:02 a.m. in London.