German stock exchange operator
The newly formed unit will house around 300 employees and operate under a joint management team from Boerse Stuttgart and Tradias, according to a statement Friday. Financial details weren’t disclosed.
The deal values Tradias at about €200 million ($238 million) and the combined entity at more than €500 million, people familiar with the matter said, asking not to be identified discussing confidential information.
The tie-up highlights how Europe’s financial infrastructure providers are working to create a more harmonized environment ...