Eurex Takes Small Taifex Stake

taiwan
Eurex is building out is Asian strategy with the Taifex stake.

Subject to regulatory approval, the Deutsche Börse subsidiary will purchase the stake from Yuanta Financial Holdings, which will remain a shareholder after the transaction.

The deal extends an existing relationship between the two venues, which will see blue-chip futures and options listed on Eurex after closing on Taifex. That deal has already received approval from Taiwanese regulators.

"With this acquisition we are strengthening our strategic partnership with Taifex," says Andreas Preuss, Eurex CEO and deputy CEO at Deutsche Börse. "Jointly, we want to contribute to the internationalization of the Taiwanese financial market. For us, this step is a further milestone in implementing Deutsche Börse Group's Asia strategy. Taifex is excellently positioned, especially in Greater China, for the future internationalization of the derivatives markets."

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