Acquisitions & Mergers

Deutsche Börse pays €3.9 billion to acquire SimCorp.

By Admin - 18 Jan 2024 03:45 PM

In the buyout deal, Deutsche Boerse acquires more than 90% of SimCorp's shares.

The amount is an estimate, and by the end of the week, it hopes to release an official figure that will enable the deal to conclude within the next five working days.

The combination of SimCorp's investment management software and Deutsche Boerse's data, which was revealed in April, has been hailed by the management of Deutsche Boerse as a critical component of the company's future strategy.

Furthermore, Deutsche Börse has published a notice on the compulsory acquisition of the shares held by the remaining minority owners in SimCorp, in accordance with sections 70–72 of the Danish Companies Act. Deutsche Börse publicly requests that all surviving minority SimCorp owners transfer their SimCorp shares to Deutsche Börse within the mandatory acquisition notice period, which ends on October 30, 2023, at 23:59 (CEST) and lasts for four (4) weeks.

Cash payment will be accepted for the mandatory purchase of SimCorp shares, which have a nominal value of DKK 1.00 and will be made at a cost of DKK 735 per share.

The SimCorp Board of Directors has taken note of the fact that the mandatory purchase is being carried out at the same price per share (DKK 735) as the offer made to the shareholders. The Board of Directors cites its June 7, 2023, announcement about the Offer.