Hamburg — BÖAG Börsen AG acquires the majority of shares in ICF BANK AG from the company’s founders. As part of the transaction, BÖAG Börsen AG (photo: Hamburg Stock Exchange), the sponsoring company of the stock exchanges in Düsseldorf, Hamburg and Hanover, also secured an option on further shares. With the acquisition of the majority of shares, BÖAG Börsen AG strengthens its position and sets the course for further joint innovative growth. The transaction is still subject to approval by boards and the relevant regulatory authorities.
The current strategic partnership between BÖAG Börsen AG and ICF BANK AG is based on years of successful cooperation. Since 2017, ICF BANK AG has acted as a market maker in Quotrix, the electronic trading system of the Düsseldorf Stock Exchange. Since the beginning of 2020, she has been responsible for trading in equities, bonds, investment funds as well as ETPs on the Düsseldorf Stock Exchange as an order book manager. The positioning in the “Capital Markets” and “Brokerage Services” business areas opens up additional sources of growth and earnings alongside the original securities trading business.
BÖAG Börsen AG is the owner of the broker-supported stock exchanges in Düsseldorf, Hamburg and Hanover as well as the electronic trading platforms Quotrix and LS Exchange. Together, the three exchanges, including their trading platforms, have more than 50,000 listings of securities (equities, open-end funds/ETFs, bonds, participation certificates and certificates/ETCs). Trading participants include domestic credit institutions and financial services companies.
ICF BANK AG is a securities trading bank with around 65 employees headquartered in Frankfurt. With its IT subsidiaries ICF SYSTEMS AG and Novis Software GmbH, it is one of the leading service and solution providers for all aspects of securities trading in Germany.
Advisors to BÖAG Börsen AG: Heuking Kühn Lüer Wojtek
Dr. Michael Dröge, Dr. Jörg Schewe(both M&A/Corporate), both lead, Julia Cramer (Capital Markets), Sven Johannsen (Capital Markets, Banking Supervision), all Hamburg