Home / Business and Economy / Deutsche Boerse Buys ISS STOXX Stake for 1.1B Euros
Deutsche Boerse Buys ISS STOXX Stake for 1.1B Euros
12 Feb
Summary
- Deutsche Boerse will acquire General Atlantic's remaining 20% stake in ISS STOXX.
- The transaction is valued at 1.1 billion euros, paid in two tranches.
- This acquisition is expected to provide a small boost to Deutsche Boerse's earnings per share.
German exchange operator Deutsche Boerse has agreed to acquire the remaining 20% stake in data, analytics, and index provider ISS STOXX from General Atlantic. The total value of this transaction is 1.1 billion euros, which translates to $1.31 billion.
Payment for the acquisition will occur in two parts. Deutsche Boerse is set to pay 731 million euros in February and the remaining amount in March. The company confirmed that the deal will be financed using its existing cash reserves and debt facilities.
Upon completion of the full ownership, the deal is projected to positively impact Deutsche Boerse's financial performance. It is expected to yield a low single-digit increase in cash earnings per share during the initial year of complete integration.
