Deutsche Börse sells Infobolsa to BME
Spain’s Bolsas y Mercados Españoles (BME) has bought securities information provider Infobolsa from Deutsche Börse for €8.2 million in cash.
The agreement also includes the acquisition of Infobolsa’s wholly-owned subsidiaries: Difubolsa (Serviços de Difusão e Informação de Bolsa) and Infobolsa Deutschland. Consequently, BME, through Infobolsa, will also become the owner of Open Finance, another Spanish information provider.
BME deals with the organisational aspects of Spanish stock exchanges and also runs an extensive technology practice.
Before the acquisition, BME and Deutsche Börse co-owned Infobolsa and its subsidiaries with each party holding a 50% stake.
For BME, the move “stems from Infobolsa’s and Open Finance’s increasing business opportunities in Spain and Latin America”; and BME says it wants to further expand in Latin America.
BME and its German counterpart also co-own the European trade repository REGIS-TR and have established joint projects around collateral management (such as the Liquidity Hub).
This latest deal follows on from the recent plan of Deutsche Börse to merge with the London Stock Exchange.
In a sense, all these goings on are just part of the fintech industry’s relentless “sell some, buy some, merge some” game.