India markets closed
  • BSE SENSEX

    52,344.45
    +21.12 (+0.04%)
     
  • Nifty 50

    15,683.35
    -8.05 (-0.05%)
     
  • USD/INR

    74.0720
    -0.0770 (-0.10%)
     
  • Dow

    33,440.49
    -382.96 (-1.13%)
     
  • Nasdaq

    14,096.71
    -64.64 (-0.46%)
     
  • BTC-INR

    2,757,893.25
    -109,354.75 (-3.81%)
     
  • CMC Crypto 200

    920.44
    -19.51 (-2.08%)
     
  • Hang Seng

    28,801.27
    +242.68 (+0.85%)
     
  • Nikkei

    28,964.08
    -54.25 (-0.19%)
     
  • EUR/INR

    87.9619
    -0.3836 (-0.43%)
     
  • GBP/INR

    102.5439
    -0.7205 (-0.70%)
     
  • AED/INR

    20.1320
    -0.0110 (-0.05%)
     
  • INR/JPY

    1.4872
    +0.0032 (+0.22%)
     
  • SGD/INR

    55.1170
    -0.1450 (-0.26%)
     

Deutsche Boerse Hungry For More After $1.8 Billion ISS Deal

·1-min read

FRANKFURT: Deutsche Boerse said on Wednesday it was aiming to clinch more big deals after a $1.8 billion acquisition of an 80% stake in Institutional Shareholder Services (ISS).

The German stock exchange operator said in a presentation to investors that it was explicitly targeting larger deals of 1-5 billion euros ($1.2-5.9 billion).

“We are generally open to larger deals,” Deutsche Boerse Chief Executive Officer Theodor Weimer told investors.

Deutsche Boerse said that it was aiming for 10% increases in revenue and profit through 2023.

Shares in Deutsche Boerse traded 3.4% higher at 1330 GMT.

The ISS deal, announced on Tuesday, makes good on a promise by Weimer to grow through acquisitions after his bid to acquire the Milan stock exchange failed over the summer.

($1 = 0.8428 euros)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting