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Telekurs completes the acqusition of Fininfo’s financial information business

Paris, Zurich, 2 October 2007 – Telekurs Holding Ltd and Fininfo SA today announced the execution of the purchase agreement for the acquisition of Fininfo’s financial information business unit by Telekurs Group. This merger will create the third-largest financial information provider in Europe, with over 1,300 employees and well over 200 million euro in annual turnover.


The closing of the purchase contract of July 10, 2007 was successfully executed today upon completion of the repurchase program of the Fininfo shares by the Financière Jeulin. This expansion of its product and service portfolio will enable Telekurs Financial to significantly improve its market position in several European countries, particularly in France and Scandinavia, advancing it to third place in Europe among financial information providers. The next step will involve the integration of the two companies.

As announced in July, Financière Jeulin will merge all activities of the “Knowledge Management” business in a new company called Altares and will retain Finifo equities within IDÉ.

Telekurs Group
The Telekurs Group is an internationally active service company primarily focused on the fields of card-based payment transactions, electronic payment systems and international financial information services. Its shares are held by the Swiss banks. Represented among the shareholders are all important Swiss banks and banking groups, specifically, the major Swiss banks, as well as the cantonal and regional banks, along with the Raiffeisen banks, private banks, foreign banks and commerce banks.

Fininfo
Fininfo SA is an international provider of financial information services to institutions and companies. It is present in France, Sweden, Norway, Finland, Denmark, Belgium, Switzerland, Spain and Morocco. The company is active in the field of services for front-office solutions, and the supply and delivery of financial data.

www.fininfo.fr

     

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