Spain approves SIX’s purchase of BME: the advisors
The Spanish government has authorised SIX Group’s takeover offer for the Spanish stock exchange operator Bolsas y Mercados Españoles (BME). The company that manages the Swiss Stock Exchange had made an offer for 100% of the shares of BME last November. Spanish stock market regulator CNMV will now be asked to approve the proposed acquisition before BME shareholders are given the final say on the bid. Buying BME would give SIX a base inside the European Union, and potentially help Switzerland regain access to EU equity markets.