Deutsche Borse to acquire Allfunds for €5.3bn.

Deutsche Borse, an exchange organization, agreed to acquire Allfunds, a wealth tech company, for €5.3bn. “We are very pleased to announce the acquisition of Allfunds, which is to be unanimously recommended by its Directors and is supported by its two largest shareholders. We believe that the combination of Allfunds Group's technical expertise and entrepreneurial drive with Deutsche Börse Group's capabilities within Clearstream Fund Services will create a leading business in the sector, which better serves the needs of clients, supporting the continuing development of the funds sector in Europe and around the world. This acquisition represents the next step in the development of Deutsche Börse Group as a European champion in providing critical infrastructure to the financial markets. It is a testament to our strategy of 'Leading the transformation,” Stephan Leithner, Deutsche Börse CEO.