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LuxSE books €170 mln gain on Fundsquare sale

From left to right Arnaud Jacquemin, Member of LuxSE’s Board of Directors, Françoise Thoma, Vice-President of LuxSE’s Board of Directors, Alain Kinsch, President of LuxSE’s Board of Directors, Julie Becker CEO of LuxSE and Pierre Schoonbroodt, CFO of LuxSE.

The Luxembourg Stock Exchange, also known as LuxSE, has booked a one-time gain of 170 million euro on the sale of its data subsidiary Fundsquare, it said following its annual general meeting on Friday. 

The sale of Fundsquare to FE fundinfo, a London-based provider of  investment fund data and technology, was completed last September. LuxSE acquired an unspecified  ownership stake in FE fundinfo following that transaction. 

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