Deutsche Börse AG

M&A Activity • Dec 23, 2010

News Details

Ad-hoc | 23 December 2010 17:12

Deutsche Börse AG: Eurex Zürich AG, a subsidiary of Deutsche Börse AG, plans to further increase stake in European Energy Exchange AG

Deutsche Börse AG / Key word(s): Miscellaneous

23.12.2010 17:12

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Eurex Zürich AG (Eurex), a subsidiary of Deutsche Börse AG, has today
entered into an agreement with Landesbank Baden-Württemberg (LBBW) to
acquire their stake in the Leipzig based European Energy Exchange AG (EEX).
The agreement foresees the acquisition of a stake in EEX of up to 22.96
percent by Eurex. With this step Eurex can increase the stake in EEX to up
to 58.19 percent. The move further expands Eurex's role in the fast growing
commodities markets and underlines the strategic partnership between Eurex
and EEX. Both partners are already cooperating in trading and clearing of
emission rights as well as power derivatives.

The shares are to be transferred at a price of EUR7.15 per share plus a
premium of EUR0.60 per share in the event that Eurex becomes the majority
shareholder. If Eurex would acquire all shares of LBBW the purchase price
for the shares would be EUR71.3 million. Under the pre-emption rights laid
out in the consortium agreement, LBBW is obligated to also offer the shares
on a pro rata basis to other EEX shareholders. This means that Eurex will
acquire at least 10.7 percent in EEX for a purchase price of EUR30.7
million. According to the economic participation in Eurex, Deutsche Börse
AG will fund 85 percent of the purchase price. Deutsche Börse AG will
finance its share of the purchase price through cash on hand.

The transaction is expected to close in the second quarter 2011 and is
subject to approvals from the German Federal Cartel Office, the Supervisory
Board of Eurex Zürich AG as well as other internal committees.
Additionally, the acquisition of the LBBW stake requires the approval of
the EEX Supervisory Board.

23.12.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Deutsche Börse AG
Neue Börsenstraße 1
60487 Frankfurt am Main
Deutschland
Phone: +49 (0)69 211 - 0
Fax: +49 (0)69 211 - 12005
E-mail: ir@deutsche-boerse.com
Internet: www.deutsche-boerse.com
ISIN: DE0005810055
WKN: 581005
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX

End of Announcement DGAP News-Service

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