December 21, 2011 / 1:12 PM / 6 years ago

TMX Group buys 16 percent stake in Bermuda Stock Exchange

1 Min Read

(Reuters) - TMX Group Inc (X.TO), operator of the Toronto Stock Exchange, said it bought a 16 percent stake in the Bermuda Stock Exchange for an undisclosed amount.

TMX Chief Executive Tom Kloet will join the board of Bermuda Stock Exchange.

A Canadian financial consortium is planning to take over TMX Group and bring most of the country's major exchanges under a single roof.

Reporting by Aftab Ahmed in Bangalore; Editing by Joyjeet Das

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below