M&A Activity • Feb 27, 2008
M&A Activity
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Ad-hoc | 27 February 2008 16:03
Deutsche Börse AG: Eurex, a subsidiary of Deutsche Börse AG, plans to increase stake in European Energy Exchange EEX
Deutsche Börse AG / Miscellaneous
Release 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.
Eurex, a subsidiary of Deutsche Börse AG, has entered into agreements to
increase its current stake of 23.22 percent in the Leipzig based European
Energy Exchange AG (EEX) by up to 20.85 percent to then 44.07 percent for a
consideration of €55.15 million. This move underscores the strategic
partnership of Eurex and EEX in emission trading and Eurex’s expanding
exposure in the fast growing commodities markets.
Eurex plans to acquire 3.46 percent of EEX’s own shares for €9.15 million,
translating into €6.60 per share. In addition, Eurex has entered into a
purchase agreement with Nord Pool ASA to acquire the 17.39 percent stake
Nord Pool holds in EEX for a consideration of €46 million or €6.60 per
share. Under the pre-emption rights laid out in the consortium agreement,
Nord Pool is obligated to offer the shares on a pro-rata basis also to
other EEX shareholders. Against this background, Eurex will acquire at
least 38 percent of Nord Pool’s stake. Both transactions are expected to be
closed in the second quarter 2008 and are subject to approvals from
Supervisory Boards of Eurex and Deutsche Börse AG, as well as the Executive
Board and Supervisory Board of Swiss Financial Market Services AG and the
German Federal Cartel Office. Additionally, the acquisition of the Nord
Pool stake requires the approval of the EEX Supervisory Board.
Contact:
Walter Allwicher
Tel.: +49-69-21 11 15 00
Language: English
Issuer: 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: [email protected]
Internet: www.deutsche-boerse.com
ISIN: DE0005810055
WKN: 581005
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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