Deutsche Boerse buys forex trading platform 360T

Deutsche Boerse is buying German-based foreign exchange trading platform 360T for €725 million, the Frankfurt-based stock market operator said on Sunday. “The combination will facilitate significant double-digit million Euro revenue synergies in the mid-term by utilising Deutsche Börse Group’s international distribution capabilities and expertise,” Deutsche Boerse said in a statement. Deutsche Boerse added that it plans to finance the acquisition via a combination of debt and equity, and that it expects the transaction to be immediately accretive to cash earnings per share. Reuters

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