SIX, the Swiss Stock Exchange which is Europe’s 3rd-largest stock exchange and one of the industry’s most-respected post-trade providers, will be acquiring a 50% stake in REGIS-TR from joint venture partner Clearstream Iberclear, part of SIX, in order to become the “sole shareholder” of Regis-TR and to continue to expand the existing business operations.
As mentioned in the announcement, the transaction is expected to “close in the first half of 2022.” The acquisition allows for a complete consolidation and integration of the REGIS-TR business within SIX. The financial terms of the deal have not been shared publicly.
REGIS-TR is a European trade repository for reporting trades and transactions across product classes and jurisdictions, “open to financial and non-financial institutions.” As noted in the update, the joint venture between BME’s Iberclear and Deutsche Börse’s Clearstream was established back in 2010 and has “successfully grown into a leading European trade repository with more than 3.2 billion trade messages processed during 2020.”
REGIS-TR serves as an important complementary business to SIX’s existing services with considerable potential for further growth, the announcement revealed. The full consolidation of the business “represents an opportunity for SIX to further integrate and deliver a suite of leading streamlined services to customers across Europe,” the updated noted.
Javier Hernani, Head Securities Services & member of Executive Board, SIX, stated:
“We are very happy to now fully integrate the REGIS-TR business, which has already been an integral part of BME’s business portfolio. We look forward to taking the business into its next phase of development within SIX. We are delighted to now fully welcome the entire REGIS-TR team and their talent and expertise to SIX.”
Thomas Steimann, CEO of REGIS-TR, remarked:
“With 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 excellence for our customers.”