CISE ceases discussions with GXG's SME marketplaces

03 August 2015

The Channel Islands Securities Exchange (CISE) has ceased discussions regarding the acquisition of the European marketplace for SMEs, the Danish-based GXG Markets A/S (GXG).

It was announced on 22 July that an in-principle agreement for the transaction had been agreed between the CISE's wholly owned subsidiary, The Channel Islands Securities Exchange Authority Limited (CISEA) and the Swedish-headquartered GXG Global Exchange Group AB and GXG. However, the CISE has now decided not to proceed any further.

Fiona Le Poidevin, Chief Executive Officer of the CISE, said: "The deal had reached offer stage but, following extensive due diligence procedures, the decision has been made by the CISE not to proceed."

Back to News
Download Find a related practitioner