Deutsche Boerse in Talks to Buy Fund-Tech Platform Allfunds in $6 Billion Deal
By Nina Kienle
Deutsche Boerse said it is in talks with European fund-technology company Allfunds on a possible acquisition valued at around $6 billion.
The German stock-exchange operator said Thursday that it had made a nonbinding proposal to acquire Allfunds for 8.80 euros a share. That would imply an equity value of 5.29 billion euros ($6.13 billion) for the company, based on data taken from FactSet.
Deutsche Boerse said the offer comprises 4.30 euros in cash and 4.30 euros in new Deutsche Boerse shares, as well as a permitted dividend for the year of 20 European cents for each Allfunds share.
Allfunds shareholders are also entitled to receive cash dividends of up to 20 cents next year and 10 cents in 2027, Deutsche Boerse added.
There is no certainty that any transaction will proceed and a further announcement will be made when appropriate, the company said.
Amsterdam-listed Allfunds shares were up 21% in afternoon trading.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
November 27, 2025 11:49 ET (16:49 GMT)
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