Scientific Beta

Seeking Alpha: "On January 23, 2020, SGX announced that it had acquired a 93% stake in Scientific Beta Pte. Ltd., a smart beta index firm, for EUR186 million or S$280 million in cash, to scale up its Data, Connectivity and Indices or DCI business. The acquisition of Scientific Beta will be fully funded by external borrowings denominated in euro, and financing costs are expected to be favorable given low euro interest rates now."

Seeking Alpha 29/01/2020

"(...) On January 23, 2020, SGX announced that it had acquired a 93% stake in Scientific Beta Pte. Ltd., a smart beta index firm, for EUR186 million or S$280 million in cash, to scale up its Data, Connectivity and Indices or DCI business. The acquisition of Scientific Beta will be fully funded by external borrowings denominated in euro, and financing costs are expected to be favorable given low euro interest rates now. SGX also guided that the Scientific Beta acquisition will be earnings-accretive from FY2021 onwards. In SGX's press release detailing the acquisition, SGX refers to Scientific Beta as "an independent index provider specializing in smart beta strategies, with expertise in factor-based and risk-managed solutions." (...)"