(December 12 – 17:50 ET) – The Deutsche Borse is going to revive its planned IPO in 2001.

The Deutsche Borse says it will sell 20% to 25% of its stock in a public offering next year. The deal will be managed by Deutsche Bank and Goldman Sachs. The exchange is valued at between 400 million euros and 1 billion euros, according to Merrill Lynch.

In the short-term, Merrill expects that the exchange’s owners will see capital gains from the planned sale. Deutsche Bank owns about 14%, HypoVereinsbank holds 8.3%, Dresdner Bank owns 7.6% and Commerzbank has 6.4%. Deutsche Bank’s CEO, Rolf Breuer, is also chairman of the Deutsche Borse’s Supervisory Board.

In the long run, Merrill says that the Borse’s new deal currency will improve its ability to grow and make deals. “We see Deutsche Bank to benefit most … it holds the largest capital stake in the exchange and also wields the highest amount of influence at management level.
-IE Staff