Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Börse AG    DB1   DE0005810055

DEUTSCHE BÖRSE AG

(DB1)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Deutsche Börse : Clearstream and UBS agree on long-term partnership in funds environment

share with twitter share with LinkedIn share with facebook
share via e-mail
01/21/2020 | 02:14am EST

Deutsche Börse Group's post-trade services provider Clearstream and UBS on a partnership in the investment fund services business segment. The companies have reached a joint agreement by which Clearstream acquires 51% of Zurich-based fund distribution platform Fondcenter AG from UBS for CHF 389 million. UBS will retain a minority of 49%.

The transaction is expected to be completed in the second half of 2020. Subsequent to the transaction, Clearstream will fully consolidate Fondcenter. The newly-combined distribution services will have over USD 230 billion in Assets under Administration (AuA). As part of the transaction, UBS and Clearstream will enter into long-term commercial cooperation arrangements for the provision of services to UBS.

Theodor Weimer, CEO of Deutsche Börse AG, said: 'This acquisition of the majority stake in Fondcenter and the associated long-term partnership with UBS is a testimony for the trustful client relationship. And it is a further important and strategically significant step for Deutsche Börse in implementing our Roadmap 2020.'

Stephan Leithner, Member of the Executive Board of Deutsche Börse AG and Chairman of Clearstream, added: 'Our leading position in the fund servicing area will be critically strengthened by Fondcenter and the UBS partnership. It complements our product offering in the investment funds distribution space. Our distributor customers will benefit from extended global fund provider coverage, while asset manager clients will have direct access to UBS GWM premier distribution network as well as access to Clearstream distribution reach. We expect to generate significant synergies from combining our fund distribution businesses.'

Sergio P. Ermotti, CEO UBS Group AG, said: 'We are delighted to reach this agreement with Clearstream, building on the successful relationship we have had with them and Deutsche Börse Group for many years. Through this transaction, and our long-term cooperation arrangements, we can achieve greater scale and breadth of offering for our clients and create significant value for our shareholders.'

The newly-combined company will become the centre of excellence for fund distribution services within Deutsche Börse Group and will significantly enhance Clearstream's existing Fund Desk business (formerly Swisscanto Funds Centre). Fondcenter AG anticipates growing its revenues by double-digit rates over the next years with additional meaningful revenue synergies from cross-selling into the Clearstream client base.

This acquisition successfully marks an important step for Clearstream in growing the B2B fund services as highlighted in the Deutsche Börse Group's 'Roadmap 2020' strategy for growth. Over the past two years, Clearstream has already grown its service portfolio in the area through the acquisition of Swisscanto Funds Centre Ltd and the subsequent creation of Clearstream Fund Desk, and it has broadened its international network by acquiring Ausmaq, a Sydney-based custodian of funds.

Bär & Karrer and Ardea Partners have advised Deutsche Börse Group in this transaction.



Media contact:

Martin Halusa
+49 69 2 11-1 29 01
martin.halusa@deutsche-boerse.com

About Clearstream

As an international central securities depository (ICSD), headquartered in Luxembourg, Clearstream, which is part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 58 domestic markets worldwide. With around 14 trillion Euros in assets under custody, Clearstream is one of the world's largest settlement and custody firms for domestic and international securities.

Clearstream delivers investment fund solutions built on asset safety and distribution efficiency. The Vestima one-stop shop for funds acts as single point of entry for orders, streamlined cash management and consolidated position reporting in a secure environment. Clearstream offers customers direct access to local domiciled funds in 48 fund jurisdictions worldwide, of which 30 are in Europe. The Fund Desk offering complements Vestima to include distribution support services and to provide direct access to a fund research solution.


Note with regard to forward-looking statements:This release contains forward-looking statements about future events and developments relating to Deutsche Börse AG. They are characterized by the use of words such as 'assume', 'intend', 'expect', 'believe', 'plan', 'forecast', 'estimate' and similar expressions and reflect the current views and assumptions of the Executive Board of Deutsche Börse AG. Naturally, however, forward-looking statements are subject to risks and uncertainties and depend on a variety of factors whose occurrence or non-occurrence could cause the actual future events and developments to differ materially from the views expressed in this release. Such factors include the general economic conditions, the future performance of financial markets, the behavior of other market participants and the legal and regulatory framework. Accordingly, Deutsche Börse AG does not give any guarantee as to the occurrence of the forward-looking statements contained in this release. Also, Deutsche Börse AG does not assume any obligation beyond legal requirements to update the forward-looking statements contained herein.

No investment advice: This release is for information purposes only and shall neither constitute investment advice nor an offer to sell, or a solicitation of an offer to buy, any securities.

Disclaimer

Deutsche Börse AG published this content on 21 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2020 07:13:04 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DEUTSCHE BÖRSE AG
05:33aLondon Stock Exchange on track to close Refinitiv deal as clearing jumps
RE
02/26Eurex senses Brexit momentum in euro clearing battle with London
RE
02/20Brexit makes integrating EU capital markets more urgent, Commision says
RE
02/18PRESENTATION : Q4 and FY/2019 preliminary results - Analyst and Investor Confere..
PU
02/17DEUTSCHE BÖRSE : Börse achieved 10 per cent net profit growth in 2019 as planned
PU
02/17DEUTSCHE BÖRSE : Boerse posts 52% rise in fourth-quarter net profit
RE
02/17GLOBAL MARKETS LIVE: Washington will not facilitate the rise of a Chinese pla..
02/14DEUTSCHE BÖRSE : Contract of Chief Executive Officer Theodor Weimer extended by ..
PU
02/14DEUTSCHE BÖRSE : Boerse Backs CEO With Extended Contract
DJ
02/14THEODOR WEIMER : Deutsche Boerse extends contract of CEO Weimer by four years
RE
More news
Financials (EUR)
Sales 2020 3 169 M
EBIT 2020 1 732 M
Net income 2020 1 162 M
Debt 2020 1 116 M
Yield 2020 2,25%
P/E ratio 2020 22,3x
P/E ratio 2021 20,3x
EV / Sales2020 8,57x
EV / Sales2021 7,62x
Capitalization 26 038 M
Chart DEUTSCHE BÖRSE AG
Duration : Period :
Deutsche Börse AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DEUTSCHE BÖRSE AG
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 154,00  €
Last Close Price 142,05  €
Spread / Highest target 25,3%
Spread / Average Target 8,41%
Spread / Lowest Target -8,48%
EPS Revisions
Managers
NameTitle
Theodor Weimer Chief Executive Officer
Joachim Faber Chairman-Supervisory Board
Christoph Böhm Chief Operating & Information Officer
Gregor Pottmeyer Chief Financial Officer
Karl-Heinz Flöther Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE BÖRSE AG1.36%29 433
INTERCONTINENTAL EXCHANGE, INC.-0.79%50 818
HONG KONG EXCHANGES AND CLEARING LIMITED0.38%42 094
LONDON STOCK EXCHANGE PLC0.77%35 109
B3 SA BRASIL BOLSA BALCAO0.00%21 049
NASDAQ5.53%17 731