Overview
- The agreed offer values Allfunds at €8.80 per share, comprising €6.00 in cash, €2.60 in Deutsche Börse shares and a €0.20 dividend.
- Allfunds’ directors unanimously back the deal and about 49% of the share capital has already been tendered, with a 75% acceptance threshold cited.
- Major holders Hellman & Friedman (36.1%) and BNP Paribas (12.8%) have said they will sell to Deutsche Börse.
- The combination would expand Deutsche Börse’s fund-services reach beyond Germany and Switzerland into Spain, France and Italy, where Allfunds is strongest.
- Deutsche Börse projects roughly €60 million in annual pre-tax cost savings and positions the move as part of a shift toward fee-based infrastructure and data services.