Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Börse AG    DB1   DE0005810055

DEUTSCHE BÖRSE AG

(DB1)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Exclusive: LSE to win EU approval for $27 billion Refinitiv deal - sources

12/02/2020 | 11:23am EST
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London

BRUSSELS (Reuters) - The London Stock Exchange is set to win EU antitrust approval for its $27 billion takeover of data company Refinitiv, two people familiar with the matter said on Wednesday, bolstering its footprint in a rapidly consolidating sector.

The market for financial data has exploded with the advent of computer driven trading, triggering a rash of takeovers as companies seek to create one-stop shops to serve clients and get an edge over traditional rivals in supplying data, dubbed the new "oil".

A merged LSE and Refinitiv would still be eclipsed by financial data leader Bloomberg LP but it will outrank a combination of S&P and IHS Markit, whose $44 billion deal announced this week was the largest acquisition of 2020.

The LSE, seeking to diversify into the financial data sector and reduce reliance on unpredictable trading volumes, unveiled its plan to buy Refinitiv last year, but faced hurdles in Brussels, with the deadline for EU approval pushed back to January 2021.

Last month the exchange offered to allow rivals unrestricted access to its clearing and data operations for the next 10 years as part of a package of concessions that included the sale of its Borsa Italiana operations to pan-European rival Euronext.

The sources declined to provide details of any changes to the concessions, though some said EU officials considered the Borsa Italiana sale to be a major divestment.

The European Commission, which is scheduled to decide on the deal by Jan. 21, declined to comment.

The LSE and Refinitiv, which is 45%-owned by Reuters' parent Thomson Reuters, also declined to comment.

LSE shares tripled gains on the Reuters story and were up 8.6% in latest trade.

Like the LSE, other leading stock exchanges are looking to diversify into data and other services.

LSE rival Intercontinental Exchange has already moved deeper into data, and in August also bought Ellie Mae, a technology platform for the mortgage finance industry, for $11 billion.

Deutsche Boerse, whose attempt to buy Borsa Italiana was thwarted by Euronext, said last month it would buy 80% of Institutional Shareholder Services for about $1.8 billion.

(Reporting by Foo Yun Chee, additional reporting by Huw Jones in London; Editing by Jan Harvey and Pravin Char)

By Foo Yun Chee


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BÖRSE AG -1.11% 133.55 Delayed Quote.-3.02%
IHS MARKIT LTD. 1.92% 85.51 Delayed Quote.-6.60%
INTERCONTINENTAL EXCHANGE, INC. -0.37% 115.19 Delayed Quote.0.29%
LONDON STOCK EXCHANGE PLC -2.04% 9134 Delayed Quote.3.51%
THOMSON REUTERS CORPORATION 2.95% 102.17 Delayed Quote.-4.74%
All news about DEUTSCHE BÖRSE AG
01/14DEUTSCHE BÖRSE : Qontigo Names Brian McArthur-Muscroft as Chief Financial Office..
PU
01/14EU to drill into 'dog's dinner' of share trading data
RE
01/13London Stock Exchange gets EU nod for $27 billion takeover of Refinitiv
RE
01/13DEUTSCHE BÖRSE AG : Kepler Cheuvreux remains Neutral
MD
01/13FRANKFURT WARRANTS-EXCHANGE : Bitcoin certificate most traded product in 2020
PU
01/12DEUTSCHE BÖRSE : Full year and December 2020 figures at Eurex
PU
01/11DEUTSCHE BÖRSE : HQLAx Secures EUR 14.4m Series B Funding from BNY Mellon, Goldm..
PU
01/11Euronext resolves technical glitch in index derivatives trading
RE
01/07WIRECARD : Shares to Stop Trading on Xetra by End of Thursday
DJ
01/06DEUTSCHE BÖRSE AG : Gets a Buy rating from UBS
MD
More news
Financials
Sales 2020 3 219 M 3 888 M 3 888 M
Net income 2020 1 113 M 1 344 M 1 344 M
Net Debt 2020 1 864 M 2 251 M 2 251 M
P/E ratio 2020 22,1x
Yield 2020 2,33%
Capitalization 24 497 M 29 618 M 29 581 M
EV / Sales 2020 8,19x
EV / Sales 2021 7,87x
Nbr of Employees 6 467
Free-Float 96,5%
Chart DEUTSCHE BÖRSE AG
Duration : Period :
Deutsche Börse AG Technical Analysis Chart | DB1 | DE0005810055 | MarketScreener
Technical analysis trends DEUTSCHE BÖRSE AG
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 158,13 €
Last Close Price 133,55 €
Spread / Highest target 43,8%
Spread / Average Target 18,4%
Spread / Lowest Target 5,58%
EPS Revisions
Managers and Directors
NameTitle
Theodor Weimer Chief Executive Officer
Martin Jetter Chairman-Supervisory Board
Christoph Böhm Chief Operating & Information Officer
Gregor Pottmeyer Chief Financial Officer
Mareike Sich Head-Financial, Corporate & IT
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE BÖRSE AG-3.02%30 089
HONG KONG EXCHANGES AND CLEARING LIMITED7.86%74 694
INTERCONTINENTAL EXCHANGE, INC.0.29%64 896
LONDON STOCK EXCHANGE PLC3.51%44 820
B3 S.A. - BRASIL, BOLSA, BALCÃO-0.52%24 096
NASDAQ7.07%23 315