Telekurs mulls taking controlling stake in Fininfo - source |
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Fri, 15 Jun 2007 17:43
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LONDON (Thomson Financial) - Swiss data provider Telekurs is considering to acquire a controlling stake in Fininfo, according to a source familiar with the situation.One market observer believed that it would make sense for Telekurs to undertake such an acquisition.An analyst, who did not wish to be named, pointed out Fininfo's main shareholder Gerard Jeulin, controlling 52.8pct of the share capital, has been trying to sell his stake for a number of years, with Pearson-owned Financial Times Interactive Data reportedly having looked into acquiring the stake in 2005.The analyst noted that Telekurs and Fininfo have had close relationships in the past, including cross-selling of products.The analyst added, however, that Telekurs would only be able to reap synergies from Fininfo's financial information. He did not believe the French firm's credit reporting business would fit into Telekurs' offering.At the close in Paris, Fininfo shares were trading at 13.94 eur, translating to a market capitalisation of 180m eur.Alexander.Wessendorff@thomson.comaw/dcaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Telekurs ratings affirmed at 'B/C' after plans to merge with SWX, SIS - Fitch 