Deutsche Boerse buys 5 pct stake in Taiwanese futures exchange

FRANKFURT Fri Jan 3, 2014 3:43am EST

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FRANKFURT Jan 3 (Reuters) - German stock exchange operator Deutsche Boerse said it was buying a 5 percent stake in Taiwanese futures exchange TAIFEX for $47 million from Yuanta Financial Holdings Co Ltd.

From May, Deutsche Boerse's derivatives business Eurex and TAIFEX plan to list daily futures based on futures and options on the Taiwanese blue-chip index TAIEX, Deutsche Boerse said in a statement on Friday, adding the parties were also in very constructive talks on further joint projects. (Reporting by Maria Sheahan; Editing by Erica Billingham)

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