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DBOEF Deutsche Boerse Ag Namen Akt (PK)

204.886
7.17 (3.62%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Deutsche Boerse Ag Namen Akt (PK) USOTC:DBOEF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  7.17 3.62% 204.886 197.88 209.23 204.886 204.886 204.886 1 20:05:31

Deutsche Boerse Buys Remaining Clearstream Fund Centre Stake From UBS

06/05/2021 7:01am

Dow Jones News


Deutsche Boerse Ag Namen... (PK) (USOTC:DBOEF)
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   By Sarah Sloat 
 

Deutsche Boerse AG said Thursday that it has acquired the remaining 49% stake in Clearstream Fund Centre from UBS AG for 390 million Swiss francs ($427 million).

With the deal, Deutsche Boerse will become the sole shareholder in the Zurich-based fund distribution platform. The German stock market operator initially closed the acquisition of a 51% stake in September.

The transaction is expected to result in a low-to-medium double-digit million euro book gain for Deutsche Boerse, it said.

Swiss bank UBS AG remains a partner and client of Clearstream Fund Centre, Deutsche Boerse said.

 

Write to Sarah Sloat at sarah.sloat@wsj.com

 

(END) Dow Jones Newswires

May 06, 2021 01:46 ET (05:46 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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1 Year Deutsche Boerse Ag Namen... (PK) Chart

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1 Month Deutsche Boerse Ag Namen... (PK) Chart