Deutsche Börse receives final regulatory approval for public takeover of SimCorp

Deutsche Börse Group AG has revealed that it has received final regulatory approval for its public takeover of the Danish SimCorp A/S.

The Frankfurt-based company gained the approval from the European Commission on August 23, to draw a four month wait for regulatory approval to a close, following the initial €3.9b ($4.31b) takeover offer for the Danish investment management software company, in April, earlier this year.

Deutsche Börse affirms that the offer period for the cash offer expires on September 19 2023 at 23:59 (CEST) but remains subject to a minimum acceptance level of 50 per cent plus one share of all SimCorp shares.

SimCorp shareholders who have not yet accepted the offer but wish to do so are encouraged to take action well before September 19 2023 as the offer expires on that day.

Certain institutions may have earlier deadlines for submission of the acceptance form. The offer is expected to be settled and thus completed on September 29 2023 at the latest.

Earlier this month, Deutsche Börse Group also revealed it is set to acquire the remaining shares in FundsDLT, a financial institution based in Luxembourg.

The global market infrastructure provider is expected to complete the purchase in the fourth quarter of 2023, or the first quarter of 2024, subject to regulatory approval. 

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