TMX Group acquires remaining VettaFi shares 03 January 2024Canada Reporter: Lucy Carter
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TMX Group has completed its acquisition of the remaining, approximately, 78 per cent of VettaFi Holdings’ common units.
The announcement follows TMX Group’s strategic investment in VettaFi during H1 2023, through which it acquired approximately 22 per cent of the firm’s common shares.
The acquisition of the remaining units was announced in December 2023.
VettaFi will accelerate TMX Group’s global expansion, the company says, along with facilitating increased revenue from recurring sources and the global solutions, insights and analytic segment.
The group says it will also be able to expand its digital capabilities and enhance the depth and value of its data-driven insights, benefiting customers and improving the firm’s digital capabilities.
The firm will also be better positioned to ‘enrich’ its current provisions for ETF issuers, it adds.
TMX Group operates global markets and offers analytic solutions for the funding, growth and success of market participants. Its main operations include the Toronto Stock Exchange and the Canadian Depository for Securities.
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