Announced
Financials
Tags
Asset Managers and Custodians
Acquisition
Private
Pending
Luxembourg
Single Bidder
Cross Border
securities depository
Friendly
Majority
Synopsis
Deutsche Boerse to acquire a remaining 49% stake in Clearstream Fund Centre, an international central securities depository, from UBS, a financial services provider, for $427m. “We see significant opportunities to further grow the global footprint of this (CFC) business, particularly in Europe but also in Asia Pacific,” Stephan Leithner, Deutsche Boerse board member.
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