Deutsche Börse completes SimCorp takeover

Deutsche Börse announced that SimCorp shareholders accepted its takeover offer by a large majority (94%). The exchange group will acquire the remaining SimCorp shares in the course of a squeeze-out and shares are expected to be delisted from Nasdaq Copenhagen on 30 October 2023.

Gregor Pottmeyer, CFO of Deutsche Börse AG, said in a statement: “Now that the acquisition of SimCorp has been closed, we will be pooling our data, analytics and software business in the new Investment Management Solutions segment in the fourth quarter and thus create new growth opportunities. By consolidating SimCorp, we now anticipate that we will significantly exceed our original guidance for the full year 2023 and generate net revenue of around €5.0 billion and EBITDA of around €2.9 billion.”


Related Posts

Previous Post
Eurosystem announces next phase of retail CBDC
Next Post
Rates & Repo Preview: mandatory clearing of UST repo

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account