SIX Group studying options for financial data arm — report

Swiss stock market operator SIX Group is said to be examining options to potentially shake up ownership of its financial data arm.

According to Reuters, which cited anonymous sources close to the matter, SIX is wanting to retain a majority interest in the SIX Financial Information division but could create a new legal entity for it.

Among the options discussed is a possible merger with another player in the market or a stake sale to a private equity firm, the sources reportedly said.

Discussions are said to be at an early stage, and a financial adviser has yet to be appointed.

SIX's latest financial report showed a net loss of CHF1.01bn (£0.9bn) in 2023, compared with a net profit of CHF185m the year before, partly due to a CHF862m impairment charge related to the significant decline in the share price of payments group Worldline.

Total operating income improved 2.1% year-on-year to CHF1.53bn, with the Financial Information unit accounting for CHF407m.