SIX to acquire 50% stake in REGIS-TR from Joint Venture Partner Clearstream
- Iberclear, part of SIX, to become sole shareholder of Regis-TR and to continue to grow the existing business
- The transaction is expected to close in the first half of 2022. The acquisition allows for a full consolidation and integration of the REGIS-TR business within the SIX Group. Financial terms of the acquisition are not disclosed
REGIS-TR is a European trade repository for reporting trades and transactions across multiple product classes and jurisdictions, open to financial and non-financial institutions. The joint venture between BME’s Iberclear and Deutsche Börse’s Clearstream was founded in 2010 and has successfully grown into a leading European trade repository with more than 3.2 billion trade messages processed during 2020.
REGIS-TR is an important complimentary business to SIX’s existing services with significant potential for further growth. The full consolidation of the business represents an opportunity for SIX to further integrate and deliver a suite of leading streamlined services to customers across Europe.
Javier Hernani, Head Securities Services & member of Executive Board, SIX, highlighted: "We are very happy to now fully integrate the REGIS-TR business, which has already been an integral part of BME’s business portfolio. We look forward to taking the business into its next phase of development within SIX. We are delighted to now fully welcome the entire REGIS-TR team and their talent and expertise to SIX."
Thomas Steimann, CEO of REGIS-TR said: “With the acquisition REGIS-TR will continue to leverage on the strong operational connections with SIX, we will take advantage of a very experienced and seasoned management team with a deep knowledge of the Trade Repository environment and continue with our dedication to service excellence for our customers.”
If you have any questions, please do not hesitate to contact Jürg Schneider, Head Media Relations.
SIX
Phone (CH): +41 58 399 2129
E-mail (CH): pressoffice@six-group.com
SIX
SIX operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, for Post-Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users (121 banks). With a workforce of some 3,500 employees and a presence in 20 countries, it generated operating income of CHF 1.38 billion and Group net profit of CHF 439.6 million in 2020. www.six-group.com
About Clearstream
As an international central securities depository (ICSD), headquartered in Luxembourg, Clearstream, which is part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 58 domestic markets worldwide. With 16 trillion Euros in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.
REGIS-TR
REGIS-TR SA is the leading European trade repository, offering reporting services covering all the major European trade repository obligations. Established in Luxembourg in 2010, RTR SA is the largest European TR for EMIR services which also offers SFTR and FinfraG services. In the context of BREXIT, REGIS-TR UK was incorporated in 2019 to offer EMIR UK services. https://www.REGIS-TR.com/REGIS-TR/
