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Deutsche Börse has sold its remaining stake in Bats Global Markets, in a sale it expects to boost earnings by €68m in first quarter of 2017.

The move comes after CBOE Holdings completed its $3.4bn acquisition of Bats earlier this week.

The German exchange already sold around one-third of its stake in Bats for $86m in October, as part of a strategy launched by chief executive Carsten Kengeter in 2015 to revamp its portfolio of holdings. That sale added around €23m to earnings after tax in the fourth quarter of 2016, the company said in a statement on Thursday morning.

Completion of the sale also comes as the future of Deutsche Börse’s proposed megamerger with the London Stock Exchange hangs in the balance, after the LSE said it could not agree to demands from EU regulators overseeing approval of the deal.

Deutsche Börse had the stake in Bats by way of International Securities Exchange, the US options business it sold to Nasdaq in March. ISE had a stake in DirectEdge Holdings, which later merged with Bats.

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