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Deutsche Börse AG has agreed to acquire the remaining 49% stake in Clearstream Fund Centre from UBS, for CHF 390 million. Thereby, Deutsche Börse will become the sole shareholder in the Zurich-based fund distribution platform, having initially closed the acquisition of a 51% stake on 30 September 2020. The transaction is expected to result in a low to medium double-digit million Euro book gain for Deutsche Börse.
The joint shareholding by Clearstream and UBS for the transitional period has laid the foundation for a smooth and successful integration of Clearstream Fund Centre into Deutsche Börse Group. UBS remains a key long-term partner of Clearstream across the full value chain of the funds services market.
Under the umbrella of global post-trading...
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