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Deutsche Börse buys $850m analytics firm to add to Stoxx index arm

The Frankfurt-based exchange has partnered private equity firm General Atlantic to fund the acquisition of Axioma

Deutsche Börse has agreed to acquire US-based Axioma for $850m, and plans to combine the analytics provider with Stoxx, its index business, in order to compete with larger rivals.

The deal is being financed by General Atlantic, a US private equity firm, which will invest $715m, the German exchange group said on April 9. General Atlantic will take a 19% stake in the new company created to house Axioma and Stoxx.

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