Deutsche Börse buys out Eurex from SIX Group

On June 7, 2011, Deutsche Börse signed a definitive agreement with SIX Group to take full control of electronic derivatives exchange Eurex by buying out co-owner SIX Group of Switzerland. The deal will see Deutsche Börse buying a 50 percent stake in Eurex for EUR 295 million (USD 432.7 million) in cash and EUR 295 million in shares of a combined Deutsche Börse and NYSE Euronext entity. Under the agreement, which is set to be completed as of January 1, 2012, Deutsche Börse would receive all Eurex sales and profits rather than the 85 percent reflected in the consolidated accounts of Deutsche Börse.

Lenz & Staehelin acted as Swiss legal counsel to Deutsche Börse AG. The team was led by Andreas Rötheli (M&A) and Pascal Hinny (Tax).

Published: 7 June 2011