Vwd Buys b.i.s Stake From Fininfo

ORGANIZATION & STRATEGY

Vwd group, a German market data and technology vendor, is continuing on its expansion course by acquiring a majority stake in Germany’s b.i.s. borsen-informations-systeme from French financial information provider Fininfo.

Vwd has taken over a 73.08 percent stake in b.i.s., which sells market data and security transaction applications.

The deal follows two other major investments by vwd. Last month, vwd took over a majority interest in the Frankfurt trading system company Quotrix AG, which i