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Deutsche Borse books $25mln profit selling a Bats stake

Thursday, October 27, 2016 12:57
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(Before It's News)

Germany’s Deutsche Borse exchange has booked a profit worth about 23mln euros ($25mln) on the sale of a third of its stake in US-based exchange Bats Global Markets (BATS:BATS).

The stock dump of $86mln came on Wednesday when Bats share price was $28.98. The move came after CBOE Holdings (NASDAQ:CBOE) last month agreed to a takeover deal to buy Bats. After listing shares in April at $19, Bat’s stock rallied to a high over $30 in September.

Story by ProactiveInvestors

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