Exchange launches european expansion with acquisition of sweden's leading on-line fund supermarket - Fondex
EXCHANGE LAUNCHES EUROPEAN EXPANSION WITH ACQUISITION OF SWEDEN'S LEADING ON-LINE FUND SUPERMARKET - FONDEX The eXchange Holdings plc ('the eXchange') today announced it's first European acquisition. The eXchange will acquire 100% of the capital of Fondex (www.fondex.se), Scandinavia's leading online fund 'supermarket.' The initial consideration will be met through the allotment of shares in the eXchange at 229.9p per share, valuing the business at 300 million Swedish Krona (£21.65m). The total consideration for the acquisition includes a deferred consideration in eXchange shares up to a