Deutsche Boerse gets more than 90% of SimCorp shares in takeover deal

SIMCORP A/S

20/09/2023 12:48

FRANKFURT, Sept 20 (Reuters) - Deutsche Boerse
 DB1Gn.DE  said on Wednesday that it had received more than 90%
of shares in its takeover offer for Danish investment management
software company SimCorp  SIM.CO , a significant step in the
completion of the 3.9 billion euro  deal.
    The figure is preliminary and it expects to publish a final
number by the end of the week, allowing the deal to close in the
next five business days.
    Management at Deutsche Boerse has touted the acquisition
announced in April as key to its future strategy, combining
SimCorp's investment management software with Deutsche Boerse's
data.
    "The chemistry is right," Deutsche Boerse Chief Executive
Officer Theodor Weimer told its investors in May.

 (Reporting by Tom Sims, Editing by Friederike Heine)
 ((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))