SIX to acquire 50% stake in REGIS-TR from Clearstream
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SIX to acquire 50% stake in REGIS-TR from Clearstream 03 September 2021Switzerland Reporter: Carmella Haswell
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SIX will acquire a 50 per cent stake in REGIS-TR during the first half of 2022, from joint venture partner Clearstream.
The acquisition allows for the full consolidation and integration of the European trade repository REGIS-TR, within Zurich-based financial infrastructure operator SIX.
Javier Hernani, head securities services and member of executive board, SIX, says: "We are very happy to now fully integrate the REGIS-TR business, which has already been an integral part of BME鈥檚 business portfolio. We look forward to taking the business into its next phase of development within SIX."
Thomas Steimann, CEO of REGIS-TR adds: 鈥淲ith the acquisition, REGIS-TR will continue to leverage on the strong operational connections with SIX. We will take advantage of a very experienced and seasoned management team with a deep knowledge of the trade repository environment and continue with our dedication to service our customers.鈥�
The joint venture between BME鈥檚 Iberclear 鈥� which was acquired by SIX in June 2020 鈥� and Deutsche B枚rse鈥檚 Clearstream was established in 2010. This European trade repository processed more than 3.2 billion trade messages during 2020.
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