The transaction will give the German exchange operator full ownership of the data, analytics, and index provider. Deutsche Boerse had previously considered listing the unit before opting to buy out its minority shareholder. The consideration will be paid in two tranches, '731m in February and the remainder in March, funded through cash and existing debt facilities. The deal is expected to provide a low single-digit boost to cash earnings per share in the first full year. 'We are grateful for the partnership with General Atlantic,' Christian Kromann, member of the Executive Board of Deutsche Borse Group, said in a statement. 'Their support and expertise have been invaluable for the successful merger that created ISS STOXX and the subsequent development of the business. This step now re-confirms our strategic ambition to empower the investment management industry with leading data, analytics, and index solutions.' Subscribe to our Newsletter to increase your edge. Don't worry about...
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