Deutsche Boerse’s pursuit of funds platform Allfunds has accelerated following the news that the two have entered into a binding agreement on the terms of the acquisition.
The agreement values Allfunds at approximately €5.3 billion.
Allfunds shareholders would receive €8.80 per share which would be divided into €6.00 in cash, €2.60 in Deutsche Boerse shares and a permitted dividend of €0.20.
The offer equates to a premium of 32.5% to the closing price of Allfunds on November 26.
According to a statement, the acquisition would “combine the companies’ complementary global footprints with the distribution strength of Allfunds and the custody and settlement capabilities of Deutsche Börse Group’s Clearstream Fund Services segment”.
Assuming the deal receives the applicable regulatory approvals, the acquisition should be completed within the first half of 2027.
