Stoxx Indexes Bought; Company Valued At $900M
IndexUniverse Staff (November 13th, 2009) Writes:
Deutsche Boerse and SIX Swiss Exchange have announced that they are buying out Dow Jones’ one-third stake in Stoxx for a consideration of 206.1 million euros, or $306 million.
Stoxx was set up as a joint venture between Deutsche Boerse, Dow Jones and SIX Swiss Exchange in 1998 in anticipation of the introduction of the euro and the creation of the eurozone. Stoxx is Europe's leading index provider in the ETF market and Europe's No. 1 (world No. 2) provider in the derivatives market, according to the company’s Web site. A number of U.S.-listed ETFs are tied to the company’s indexes as well.Following the transaction’s completion, which is due to take place early next year, Deutsche Boerse will have a controlling stake in Stoxx of 50 percent plus one share and will fully consolidate it for accounting purposes.
In addition, SIX and Deutsche Boerse will set up a new entity
...DJ Euro Stoxx 50, Dow Jones, EUR, Exchange Traded Funds, index universe, Investing Lessons, News Corp, SMI 20, Stoxx, The Wall Street Journal, USD, Wall Street Journal


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)





