The banks that own Turquoise, the pan-European share trading facility, have hired UBS to find potential buyers for the business. Bankers suggested Turquoise could be sold for £25m to £50m, though the business’s strategic importance is larger than that price suggests. The move follows a recent approach to Turquoise by Nasdaq-OMX, which set up a rival multilateral trading platform last year in the wake of European deregulation.

This entry was posted by Gwen Robinson on Wednesday, August 19th, 2009 at 4:54 and is filed under Capital markets, M&A. Tagged with Nasdaq-OMX, turquoise, ubs. Edit this entry.