German Exchange Operator Deutsche Boerse Agrees to Acquire European Fund Distribution Platform Allfunds for About $6.2B in Cash and Stock
27 Articles
27 Articles
The Frankfurt Stock Exchange operator offers around five billion euros for the Spanish-British trading platform Allfunds. It would thus double its market share in Europe.
Stock exchanges. Deutsche Börse takes over the fund platform Allfunds. Stock exchange operators worldwide compete to become technology companies from pure trading venues. But who is in the lead? And how is the Vienna Stock Exchange in this international race?
The shares of Allfunds have positioned themselves towards the price of the offer, fixed to 8,8 euros.
The Dax Group has agreed on a purchase with management and major shareholders of the Allfunds fund platform. Despite the agreement, the risk remains that the deal will still fail.
Germany's largest stock exchange operator is presenting a billion-dollar offer for the fund intermediary Allfunds. Investors should also benefit from this.
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