Feb 11 (Reuters) - German exchange operator Deutsche Boerse said on Wednesday it would buy General Atlantic's remaining 20% stake in data, analytics, and index provider ISS STOXX for 1.1 billion euros
Deutsche Boerse to buy General Atlantic's stake in ISS STOXX for $1.31 billion
Deutsche Boerse's Strategic Acquisition
Feb 11 (Reuters) - German exchange operator Deutsche Boerse said on Wednesday it would buy General Atlantic's remaining 20% stake in data, analytics, and index provider ISS STOXX for 1.1 billion euros ($1.31 billion).
Details of the Transaction
Deutsche Boerse will pay the U.S. private equity firm in two tranches, with 731 million euros due in February and the rest in March. The deal will be funded through cash and existing debt facilities, Deutsche Boerse added.
Expected Financial Impact
The deal is expected to give a low single-digit boost to Deutsche Boerse's cash earnings per share in the first year of full ownership.
($1 = 0.8422 euros)
(Reporting by Abu Sultan in Bengaluru; Editing by Krishna Chandra Eluri and Rashmi Aich)
