German stock exchange operator Deutsche Boerse AG said on Wednesday that it is i...
NEW YORK/FRANKFURT - German stock exchange operator Deutsche Boerse AG said on Wednesday that it is in “concrete negotiations” with data provider Refinitiv about the potential acquisition of certain foreign exchange business units.
“The negotiations and assessments of a potential transaction are ongoing,” Deutsche Boerse said in a statement. Deutsche Boerse, operator of the Frankfurt Stock Exchange, has been seeking new avenues for growth, as the profitability of facilitating trades is eroded by new digital rivals and the rise of passive investment funds that track indices.
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