Deutsche Boerse Buys Remaining Clearstream Fund Centre Stake From UBS
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
The transaction is expected to result in a low-to-medium
double-digit million euro book gain for Deutsche Boerse, it
Swiss bank UBS AG remains a partner and client of Clearstream
Fund Centre, Deutsche Boerse said.
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(END) Dow Jones Newswires
May 06, 2021 01:46 ET (05:46 GMT)
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