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DBOEF Deutsche Boerse Ag Namen Akt (PK)

226.6547
8.65 (3.97%)
25 Nov 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
  8.65 3.97% 226.6547 219.57 233.20 226.6547 224.07 224.07 75 21:29:04

Deutsche Boerse Doesn't Plan Provisions After US Judgment on Iran Case

23/03/2023 7:12am

Dow Jones News


Deutsche Boerse Ag Namen... (PK) (USOTC:DBOEF)
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By Adria Calatayud

 

Deutsche Boerse AG said it doesn't expect to make provisions after a U.S. court awarded judgment to creditors that sought transfer of around $1.7 billion attributed to Iran's central bank, which the company's subsidiary Clearstream Banking SA held in Luxembourg.

The German exchange operator said late Wednesday that the decision doesn't change the overall risk that would require Clearstream or the parent to make provisions. Clearstream is considering appealing the decision, the company said.

Clearstream will consider all relevant interests and responsibilities as to how to deal with the assets while complying with its obligations, Deutsche Boerse said.

In its annual report, Deutsche Boerse said plaintiffs in 2013 filed a complaint in the U.S. against Clearstream and other parties seeking that certain assets attributed to the Iranian central bank be turned over.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

March 23, 2023 02:57 ET (06:57 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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