London’s Aquis stock market has the same opinion £194m takeover by SIX Trade Staff
Aquis Inventory Trade, which is for smaller and snappy-rising companies to safe admission to capital markets, talked about the acquisition will lend a hand it to develop in Europe
Portray: PA Archive/PA Photos)
In a £194m deal, Aquis, London’s challenger stock market, has agreed to be taken over by SIX, a Switzerland-based substitute.
Aquis Inventory Trade, which supplies smaller and all correct now rising companies with safe admission to to capital markets, believes the acquisition will facilitate its expansion in Europe. SIX Trade Staff pays 727p per Aquis allotment, representing a 120% premium to its allotment trace on the shut of markets on Friday.
Primarily based in 2012, Aquis lists companies honest like brewers Adnams and Shepherd Neame, Newbury Racecourse, and Arbuthnot Banking Staff. The corporate provides trading products and has a skills arm centered on monetary markets infrastructure, with nearly 90 workers across its London and Paris offices.
SIX, an international community owning the Spanish stock exchanges, goals to utilise Aquis’s infrastructure products and companies to augment customer assist in Switzerland and Spain, while capitalising on European command opportunities. Aquis founder and CEO Alasdair Haynes talked about: “I’m immensely delighted with the industry we beget constructed over the past 12 years.
“As allotment of SIX, we beget an exhilarating different to flee the attain of our industry and compete extra effectively on the European stage, while retaining our entrepreneurial spirit. SIX shares our deep commitment to capital markets innovation and together we would be better positioned to lend a hand SMEs and command companies in gaining access to capital markets.”
Russ Mold, funding director at AJ Bell, talked about: “Would possibly possibly presumably AIM beget a extra extensive rival after Swiss bourse operator SIX’s acquisition of Aquis? ” “Presumably, despite the truth that the UK operator of the rival substitute for junior companies appears to beget been snapped up extra for its market infrastructure and skills.”
AIM is a sub-market of the London Inventory Trade furthermore centered on limited and medium-sized command companies.
