Deutsche Boerse acquires remaining ISS STOXX stake for 1.1 billion euros
The German exchange operator will pay 1.1 billion euros to General Atlantic in two tranches. The deal is expected to boost cash earnings per share this year.
Insights:
Deutsche Boerse announced on February 11 that it will acquire the remaining 20% stake in ISS STOXX from General Atlantic for 1.1 billion euros. The transaction will move the company to full ownership of the subsidiary.
The purchase price is scheduled to be paid in two tranches, with 731 million euros due in February and the remainder of the balance to be paid in March. Deutsche Boerse, which is based in Germany 
DE, will fund the acquisition through a combination of cash and existing debt facilities.
DE, will fund the acquisition through a combination of cash and existing debt facilities.
