The Swiss stock exchange isn’t the only bidder for Spain’s BME – a second major competitor has now shown an interest, according to media reports.
Deutsche Boerse is keen on buying Bolsas Y Mercados Espanoles (BME), the Madrid-based stock exchange, according to «Bloomberg»(behind paywall). «Bloomberg» didn’t identify the sources if its report.
The plans are not yet at an advanced stage, according to the report and neither BME nor Deutsche Boerse wanted to comment.
SIX Ahead of Its Rivals
Swiss stock exchange operator SIX on Monday said it wanted to buy the Spanish exchange for 2.8 billion euros ($3.1 billion). Also yesterday, Euronext proclaimed its interest in buying BME.
The Swiss exchange was the first to go public with a firm offer and may therefore be ahead of its rivals in an impending bidding war. The offer corresponds to a 47-percent premium on the market value of the Spanish exchange.
