BERLIN – Frankfurt stock exchange operator Deutsche Boerse AG says it is buying foreign exchange trading platform 360T for 725 million euros ($796 million).
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Deutsche Boerse said Sunday that it plans to finance the acquisition of 360T using a combination of debt and equity, a route aimed at minimizing any impact on its credit rating. It says 360T, which is based in Frankfurt and whose customers include corporate clients and banks, has seen double-digit annual revenue growth since it was founded in 2000.
The deal requires approval from competition and supervisory authorities.