Deutsche Börse, SimCorp acquisition receives final approval from regulators

Deutsche Börse agreed to acquire SimCorp in an all-cash public takeover for $4.3 billion earlier this year.

Deutsche Börse has confirmed it has received final regulatory approval from for its $4.3 billion acquisition of SimCorp.

The offer period for the acquisition expires on 19 September, with the transaction expected to be completed by 29 September at the latest. 

Deutsche Börse entered into a binding agreement to acquire SimCorp in an all-cash public takeover back in April. At the time the acquisition was expected to complete in Q3 2023. 

Read more –SimCorp expands Dimension platform with Qontigo partnership

The acquisition has a minimum acceptance level of 50% plus one share of all SimCorp shares, with SimCorp’s board of directors having unanimously recommended to shareholders that they accept the offer.

Once completed, Deutsche Börse has confirmed it will combine its existing data and analytics subsidiaries Qontigo and ISS. These are set to be grouped under a newly created investment management solutions segment.