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Deutsche Börse takes Clearstream Fund Center ownership to 100%

European fund distribution platform Clearstream Fund Center is to be under the sole ownership of Deutsche Börse after it reached an agreement to acquire the outstanding 49% stake held by UBS.

The deal is worth CHF 390m (€355.5m).

The company was originally called UBS Fondcenter before the majority stake was acquired by Deutsche Börse Group’s post-trade services provider Clearstream, in September 2020.

Assets under administration currently sit at more than €300bn.  

Stephan Leithner, member of the executive board of Deutsche Börse and Clearstream chairman, said: “Clearstream Fund Centre has proved to be a highly complementary business for Clearstream’s fund operations businesses.

“Our two-step integration approach with UBS has enabled a seamless transition for clients and laid the perfect basis for our continued, long-term partnership with UBS. We see significant opportunities to further grow the global footprint of this business, particularly in Europe but also in Asia Pacific.

“This transaction is fully in line with our strategy to grow our offering in areas that are benefitting from strong secular growth.”  

Kirsten Hastings

Kirsten is international editor of Expert Investor and International Adviser. She joined Last Word Media in October 2015. Kirsten has a Masters in Financial Journalism from the...

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