EQS-Adhoc

Deutsche Börse AG: Deutsche Börse AG: Deutsche Börse and SimCorp sign agreement on recommended voluntary takeover offer for SimCorp – Deutsche Börse intends to combine Qontigo and ISS - Seite 2

Upon completion of the Offer, Deutsche Börse aims to accelerate the development of Deutsche Börse’s Data & Analytics segment to drive additional growth and efficiencies. Jointly with General Atlantic, it intends to combine Qontigo and ISS, with General Atlantic becoming the sole minority shareholder of the combined Qontigo entity. Deutsche Börse and General Atlantic have reached joint understanding in principle on the intended combination aiming to form a leading high-quality ESG, data, index as well as analytics provider and explore value creating capital markets options including a potential IPO in the medium term.

Through the completion of the Offer and the intended combination of Qontigo and ISS, Deutsche Börse will transform its Data & Analytics segment into an Investment Management Solutions segment with significant value creation opportunities with expected total annual run rate EBITDA synergies of c. EUR 90 million (of which EUR 55 million are cost and EUR 35 million are revenue synergies) with one-off cost to achieve these synergies of c. EUR 100 million.

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Important Notice

This announcement is not a public takeover offer and this announcement does not represent a formal decision by Deutsche Börse to make a public takeover offer within the meaning of section 4(1) of the Danish Takeover Order (Executive Order no. 636 dated 15 May 2020). When Deutsche Börse formally launches the public takeover offer, it will be made in the form of an offer document to be approved by the Danish Financial Supervisory Authority in accordance with the Danish Capital Market Act (Consolidated Act no. 41 of 13 January 2023 on Capital Markets, as amended) and the Danish Takeover Order.

“EBITDA” means earnings before interest, tax, depreciation, amortisation and impairment losses and describes Deutsche Börse’s operating profit, consisting of the difference between net revenue and
operating costs. EBITDA is the standard key performance measure for earnings amongst Deutsche Börse’s peers.
 
Contact:
Ingrid Haas
Group Communications
Deutsche Börse AG
Telefon: [phone]
 

End of Inside Information

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27-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.