After the offer period expired yesterday, Deutsche Börse has announced the preliminary tender result for its public takeover of SimCorp. Deutsche Börse has received acceptances representing approximately 94 per cent of all shares (excluding SimCorp’s treasury shares).

The final tender result will be published on 22 September 2023 at the latest. Following this, the offer will be settled and closed no later than five business days after publication of the final result.

As more than 90 per cent of the SimCorp shares and the attaching voting rights have been acquired, Deutsche Börse said it will as soon as possible seek to initiate and complete a compulsory acquisition of the SimCorp shares held by the remaining minority shareholders. In addition, Deutsche Börse will seek to have the SimCorp shares removed from official listing on Nasdaq Copenhagen.