Deals
Swiss Stock Exchange Is Said to Weigh Buying EU-Based Bourse
- Swiss SIX Group is said interested in M&A if EU spat worsens
- Foothold in bloc seen as hedge against escalation of trade ban
A SIX logo sits in the entrance hall of the Six Swiss Exchange AG in Zurich.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
SIX Swiss Exchange AG is weighing the acquisition of a European Union bourse if a ban on trading Swiss stocks in the bloc persists or the situation worsens, according to people familiar with the matter.
A deal could involve a full or partial acquisition or partnership, the people said, asking not to be identified as the matter is private. Potential targets include Spain’s Bolsas y Mercados Espanoles SA and Austria’s Wiener Boerse AG, one person said. While the owner of the Zurich bourse hasn’t retained a formal adviser, investment banks are helping identify targets, the people said. SIX has about $1 billion for acquisitions since selling its payment unit last year.