Deutsche Boerse to buy General Atlantic's stake in ISS STOXX for $1.31 billion

Feb 11 (Reuters) - German exchange operator Deutsche Boerse DB1Gn.DE said on Wednesday it will buy General Atlantic's remaining 20% stake in data, analytics, and index provider ISS STOXX for 1.1 billion euros ($1.31 billion).

Deutsche Boerse had been looking to either list the ISS STOXX unit or buy out minority investor General Atlantic.

"Today's transaction allows General Atlantic to sell its shares to Deutsche Börse Group in the absence of a monetization possibility through an IPO," Deutsche Boerse said in a statement.

Deutsche Boerse will pay the U.S. private equity firm in two tranches, 731 million euros in February and the rest in March. The deal will be funded through cash and existing debt facilities, Deutsche Boerse said.

The deal is expected to give a low single-digit boost to Deutsche Boerse's cash earnings per share in the first year of full ownership.

Acquisitions are central to Deutsche Boerse's strategy. Earlier this year, it signed a record 5.35 billion euro deal to buy Amsterdam-listed fund trading platform Allfunds ALLFG.AS.

General Atlantic's exit is expected to become effective at the end of March 2026.

($1 = 0.8422 euros)