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Deutsche Börse has €2B to spare for acquisitions, CEO says

Deutsche Börse AG CEO Theodor Weimer said the German stock exchange operator still has €2 billion of available funds to spend on acquisitions, Reuters reported Feb. 18.

CFO Gregor Pottmeyer quoted the same figure several months ago when he said Deutsche Börse is keen on completing a transaction in order to increase the group's capability.

Speaking to journalists, Weimer said the company could opt for even larger takeovers if presented with the right target, adding that it could also raise fresh capital from investors. The executive said he will offer more details on his plans in May.

Deutsche Börse, which in in November 2019 was said to considering a bid for Spanish bourse Bolsas y Mercados Españoles Sociedad Holding de Mercados y Sistemas Financieros, recently extended Weimer's contract for another four years.

It also reported a full-year 2019 consolidated net profit of €1.00 billion, up from €824.3 million a year earlier.