The owner of the Australian Securities Exchange, ASX Limited (ASX:ASX), says it has inked a confidential agreement to advance talks for the possible purchase of Link Market Services.
Responding to media speculation ASX confirmed its interest in reacquiring Link this morning, after selling the business to Pacific Equity Partners for $130 million in 2005.
The confidential talks are expected to occur ahead of a potential formal trade sale process by Goldman Sachs and Pacific Equity Partners.
ASX says there is no certainty it will bid for Link or that talks or due diligence will result in a transaction.
In the first half of its 2012 financial year ASX posted a net profit of $175.6 million.
