Deutsche Börse : Deutsche Börse to acquire majority stake in UBS’s Fondcenter AG
>Clearstream to acquire majority stake in fund distribution platform Fondcenter AG from UBS - Deutsche Börse announced it is forming a partnership with UBS in the investment fund service business. Clearstream is to acquire 51% of Zurich1ebased fund distribution platform Fondcenter AG from UBS for CHF 389m. UBS will retain a minority stake of 49% and has a put right on its remaining stake with Deutsche Börse, which holds the corresponding call right. We believe Fondcent...Deutsche Boerse is a financial services provider. Co.'s segments include Eurex, which comprises areas such as T7 electronic derivatives market trading platform, T7 electronic options trading platform, and Eurex Repo® over-the-counter trading platform; Xetra, which comprises areas such as cash market, the Specialist trading, and Eurex Bonds® OTC trading platform. Clearstream, which comprises custody and settlement services, securities financing services and collateral management, and investment funds services; and Market Data + Services, which comprises areas such as Distribution of licenses for real-time trading and market signals, and development and sales of indices.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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