Deutsche Börse to acquire an 80% stake in ISS for $1.8bn.

Deutsche Börse, an exchange organization and an integrated provider of products and services covering the process chain of securities and derivatives trading, agreed to acquire an 80% stake in ISS, a provider of proxy advisory and corporate governance solutions, for $1.8bn.The transaction is expected to close in the first half of 2021, subject to required regulatory approvals. Genstar Capital and current management will continue to hold a stake of approximately 20%. “Deutsche Börse’s leading brands and solutions fit very well with ISS’s offerings in the fields of ESG, governance, index and market research. We believe that linking ISS 'ESG data with STOXX indices has the potential to create new, powerful and innovative solutions. Based on unique data sets, we can meet our clients' evolving investment needs. At ISS, we look forward to building on the global success of our diversified business activities together with Deutsche Börse and Genstar Capital. As in the past 35 years, we remain true to our obligation to offer our customers worldwide data, analyzes and research of the highest quality," Gary Retelny, ISS President and CEO.