Latham & Watkins and Linklaters have scooped roles on the acquisition of a Spanish stock exchange operator by a Swiss rival, in a deal that values the company at about €2.8 billion ($3.1 billion).

Spanish group Bolsas y Mercados Españoles (BME) is being bought by Swiss entity SIX Group in an all-cash offer that would create the third-largest financial market infrastructure group in Europe, according to SIX’s release.