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.

Linklaters has advised SIX Group on this transaction. The team has been led by partners Victor Manchado (pictured), Alex Kolb and Paloma Fierro.

Latham & Watkins has advised Bolsas y Mercados Españoles on this transaction. The team included Ignacio Gómez-Sancha, managing partner and head of corporate and m&a department and Luis Lozano, counsel of the corporate and m&a department.