Deutsche Börse AG, one of the largest global market operators, has exercised a third and also final call option on shares in Tradegate AG, a securities exchange geared to the needs of private investors – the call on shares will increase Deutsche Börse’s stake of Tradegate AG state to roughly 20%, according to a group statement.
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The latest call option will extend Deutsche Börse’s stake in Tradegate AG from 15% to 20%, having previously exercised two call options back in 2014. This saw its share stake gradually increase from 5% to 15% concurrently – a 20% threshold will be its largest to date and will be completed subject to regulatory approvals.
Tradegate AG operates as a securities trading bank – the group itself is active as a liquidity provider across a number of German exchanges.
Earlier this week, . Both the London Stock Exchange Group (LSEG) and LCH.Clearnet Group Limited (LCH Group) are exploring the sale of LCH.Clearnet, LCH Group’s French-regulated operating subsidiary, in order to proactively address anti-trust concerns raised by the European Commission in relation to certain businesses.
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