Deutsche Boerse to Buy Outstanding Shares of FundsDLT
03 Agosto 2023 - 7:51AM
Dow Jones News
By Pierre Bertrand
Deutsche Boerse said it plans to buy the outstanding shares of
digitized fund distribution platform FundsDLT that it doesn't
already own.
The German exchange operator said Thursday that the acquisition
of the remaining shares is expected to be completed by either the
fourth quarter of 2023 or in the first quarter of 2024.
Deutsche Boerse said that it is a significant minority
shareholder in the company. It said it had joined, through its
post-trade infrastructure provider Clearstream, with the Luxembourg
Stock Exchange, Credit Suisse Asset Management and Natixis
Investment Managers to invest in the company back in March
2020.
Deutsche Boerse didn't disclose any financial details of the
transaction. The shares will be bought by its venture capital arm
DB1 Ventures, the company said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
August 03, 2023 06:36 ET (10:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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