Deutsche Börse completes Clearstream Fund deal

Deutsche Börse announced it completed the acquisition of the remaining 49% stake in Clearstream Fund Centre from UBS on June 1, becoming the sole shareholder of the Zurich-based fund distribution platform.

In September 2020 Deutsche Börse acquired the first 51% of Clearstream Fund Centre, formerly known as Fondcenter, from UBS.

The transaction included the option to acquire the remaining shares.

On May 6, 2021, Deutsche Börse announced it would acquire the remaining 49% for about $430 million.

“UBS remains a key long-term partner of Clearstream across the full value chain of the funds services market,” said Deutsche Börse.

“Deutsche Börse has successfully established and further built out Clearstream Fund Centre as a centre of excellence for global fund distribution support with over EUR 300 billion assets under administration.

“The acquisition underlines Deutsche Börse’s mid-term growth strategy “Compass 2023” to integrate businesses with high synergy potential that are a strong fit for its strategic growth areas.”

As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream, which is part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 58 domestic markets worldwide.

With around €16 trillion in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.