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Screenshot of a breaking news alert e-mail from Q2 2017
Deutsche Börse AG just announced that is exercising a third and also final call option on shares in Tradegate AG and will thereby increase its approximately 15-percent stake in Tradegate AG to almost 20%.
Deutsche Börse AG exercised two call options back in 2014, increasing its then approximately five-percent stake in Tradegate AG to almost 15%. The latest increase in shares is subject to regulatory approvals.
Tradegate AG is a securities trading bank, which is active as a liquidity provider on a number of German exchanges. Deutsche Börse acquired a 75-percent stake in Berlin-based exchange operator Tradegate Exchange GmbH at the beginning of 2010 and in parallel also a five-percent share in Tradegate AG, a specialist on that exchange.