Börse Express – OTS: Börsen-Zeitung / New Dimensions / Commentary on Deutsche Börse from …

New dimensions / commentary on Christopher Deutsche Börse

Kalbhenn

Frankfurt (ots) – Nobody is serious about the Deutsche Börse
can accuse

not deliverable in terms of M&A. The waited on Tuesday
Market operator with the

next coup on. He acquired a majority for around EUR 360 million
at the for

UBS-owned fund distribution platform Fondcenter AG and builds with it
the

high-growth fund business of its subsidiary Clearstream
out. The for

Investment Fund Services segment-counting Fund Desk comes with the
Fondcenter AG

merged so that the fund sales service business of
German stock exchange

pushes into new dimensions.

The fund center is six times the size of the one acquired in 2018
Swisscanto Funds

Center, from which the fund desk platform emerged, and not
like these

regionally focused, but geographically much broader
established. moreover

the partnership with the major Swiss bank is deepened. UBS and
Clearstream

will conclude an agreement as part of the transaction, according to
the the

Deutsche Börse subsidiary provides services to the institute.
Yet

it is more important that the largest asset manager in the world is now in
the

Fund sales service business of Deutsche Börse is integrated.
The

opens up considerable revenue synergies because of access to the diverse
funds offer

the UBS is created. The fund sales service is for
Clearstream customers

much more attractive that so far only the
Fund settlement platform of the

Use investment fund services segments, Vestima.

Although the additional orders of magnitude appear that the
German

The stock market, like the volume of this acquisition, opens up on the
first

Not looking big enough to speak of new dimensions. however
has to

latest M&A transaction can be seen in the overall context. she
is one of

several acquisitions in the three-digit million euro range that
the

Has done business in recent years, including the

Forex trading platform 360T in 2015 (725 million euros) and
Axioma, a

Provider of software solutions for portfolio and
Risk management, in

past year ($ 850 million). With such transactions
drives that

Company continues to diversify and greatly increases its stake
growing

Areas at its overall activities what is recognized by investors
becomes. Not

by chance the company reached new ones on the stock exchange yesterday
Dimensions.

Its market capitalization rose above the 28 billion mark for the first time
Euro.

(Börsen-Zeitung, January 22, 2020)

Press contact:

Stock exchanges newspaper

editorial staff

Telephone: 069–2732-0

www.boersen-zeitung.de

Further material: https://www.presseportal.de/pm/30377/4498540

OTS: Börsen-Zeitung

AXC0288 2020-01-21 / 19: 01

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