Deutsche Boerse Acquires Majority Stake in Crypto Finance AG
29 Junho 2021 - 5:46AM
Dow Jones News
By Cecilia Butini
Deutsche Boerse AG said Tuesday that it has acquired a majority
stake in Switzerland-based securities firm Crypto Finance AG, with
an investment in a "moderate three-digit Swiss francs million
range."
The German stock exchange operator said the remaining shares
will stay with existing investors, including Crypto Finance founder
and Chief Executive Jan Brzezek.
The transaction is expected to close in the fourth quarter of
2021, pending regulatory approvals, and no further terms of the
transaction were disclosed, Deutsche Boerse said.
"The acquisition is an important step on Deutsche Börse's way to
building a trusted and fully regulated digital asset ecosystem in
Europe," the stock exchange operator said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
June 29, 2021 04:45 ET (08:45 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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