Euro Vendor Mergers Grab Market Share

Telekurs, itself in the process of a three-way merger with the SWX Swiss Exchange and clearing and settlement provider SIS Group, last week announced that it will acquire the financial information business of French vendor and numbering agency Fininfo, to create the third-largest data vendor in continental Europe, driven by the potential to achieve scale and "critical mass," according to Telekurs Financial chief executive Mark Carletti.

Telekurs will pay €16.6 per Fininfo share—a 25 percent

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