Deutsche Börse AG in Talks for Potential Allfunds Acquisition

Deutsche Börse AG has confirmed it is in exclusive discussions with Allfunds Group PLC regarding a potential acquisition. The proposal involves acquiring all issued and to-be-issued shares of Allfunds at a total consideration of €8.80 per share. This includes €4.30 in cash and €4.30 in new Deutsche Börse Group shares, based on a 10-day VWAP, plus a €0.20 dividend for 2025.

The board of Allfunds has agreed to exclusivity based on Deutsche Börse’s non-binding proposal. However, the move is subject to conditions such as due diligence, transaction documentation, and board approvals from both parties. Shareholders may also receive additional dividends of up to €0.20 per share for 2026 and €0.10 per quarter in 2027.

The deal, if it proceeds, would utilize a scheme of arrangement under UK law. The transaction remains uncertain, pending regulatory approvals. Further announcements will follow as necessary.