Friday 11th July 2008
Munich treaty for PLUS
Securities market operator PLUS Markets Group plans to form a new market, ‘PLUS-Europe’, with the Munich Stock Exchange.
AIM-quoted PLUS Markets says it has reached a non-binding agreement with Bayerische Börse AG, operator of the Munich exchange, to develop ‘new integrated pan-European market services, specifically designed to meet the needs of small and medium-sized companies’.
Headed by former AIM boss Simon Brickles, the company says the agreement encompasses capital markets and trading services and includes ‘indicative terms for the creation of a new pan-European market segment, offering quote-driven trading services in smaller companies’.
At a grudging price of 9.25p, PLUS Markets Group shares value the company at £29 million.
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