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New Deal


Announced

Singapore Exchange to acquire the remaining 80% stake in BidFX for $128m.

Financials

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Transaction Value£103m
Consideration TypeCash
Capital Owned20%
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Payments / Commerce

trading platform

United Kingdom

Acquisition

Private

Friendly

Majority

Single Bidder

Synopsis

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Singapore Exchange, an international multi-asset exchange and FX derivatives marketplace, agreed to acquire the remaining 80% stake in BidFX, a cloud-based FX trading platform for institutional investors, for $128m. "With BidFX as part of the SGX Group, we can now serve a wider FX community with more comprehensive solutions and enhanced distribution capabilities, while bringing together the two growing and mutually-reinforcing pools of liquidity," Loh Boon Chye, SGX CEO.

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