Six Group has beaten Euronext in its bid to acquire Spanish stock exchange Bolsas y Mercados Españoles (BME). The Swiss exchange received approval from the Spanish government at the end of March in a deal that went ahead in June and will create Europe's third-largest group for financial market infrastructure.

Six acquired 93.16% of the equity share capital of Spanish exchange group BME, it announced on 11 June. Though the initial bid was for €34 per share, with dividend payment adjustments the final figure came to €32.98. In total, Six paid € 2,792 billion for BME. “The combined group will benefit from a broader geographical reach, a wider range of products and services with a strong presence across Europe,” says André Buck, head of sales at Six. The Spanish exchan

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