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Eurex to buy stake in Taiwan exchange
06 January 2014
Builds on existing partnership between Eurex and TAIFEX
Eurex Zürich is to become a minority shareholder in the
Taiwanese futures exchange TAIFEX.
Eurex will acquire a 5-percent stake in the company from
Yuanta Financial Holdings. The move is subject to regulatory
approval by the Taiwanese authorities. The agreed purchase
price is $47m.
Yuanta Group will remain a shareholder in TAIFEX after the
planned sale of the 5-percent stake.
"With this acquisition we are strengthening our strategic
partnership with TAIFEX. Jointly, we want to contribute to the
internationalization of the Taiwanese financial market. For us,
this step is a further milestone in implementing Deutsche
Börse Group’s Asia strategy. TAIFEX is
excellently positioned, especially in Greater China, for the
future internationalization of the derivatives markets,"
explained Andreas Preuss, Eurex CEO and Deputy CEO of Deutsche
From May 2014, Eurex and TAIFEX are planning to list daily
futures based on futures and options on the Taiwanese blue-chip
index TAIEX for the first time after Taiwanese trading hours at
Eurex Exchange. This has already been approved by the Taiwanese
regulator, the Financial Supervisory Commission. Both partners
are also holding very constructive talks on further joint