Edition:
India

Bursa Malaysia To Acquire Remaining 25% Stake In Bursa Malaysia Derivatives


Wednesday, 18 Sep 2019 

Sept 18 (Reuters) - Bursa Malaysia Bhd ::TO ACQUIRE REMAINING 25% STAKE IN BURSA MALAYSIA DERIVATIVES FROM CME GROUP STRATEGIC INVESTMENTS LLC.BURSA DERIVATIVES ENTERS DEAL WITH CHICAGO MERCANTILE EXCHANGE INC & CMEG STRATEGIC TO VARY TERMS OF EXISTING GLOBEX SERVICES DEAL.BURSA DERIVATIVES ALSO ENTER NON-BINDING STRATEGIC COOPERATION AGREEMENT WITH CME.UPON COMPLETION OF ACQUISITION, BURSA DERIVATIVES WILL BECOME A UNIT OF BURSA MALAYSIA.CHICAGO MERCANTILE EXCHANGE & BURSA DERIVATIVES TO FORM JOINT WORKING GROUP WITH PRODUCT DEVELOPMENT, MARKETING REPRESENTATIVES.PUT OPTION PRICE OF 162.5 MILLION RGT FOR ACQUISITION OF 12.5 MILLION ORDINARY SHARES, REPRESENTING 25% STAKE IN BURSA DERIVATIVES.ACQUISITION FROM CME GROUP TO BE FUNDED BY DISPOSAL OF A PORTION OF QUOTED SHARES (OUTSIDE MALAYSIA) OWNED BY CO. 

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