Content area
Full Text
The chief executive of Deutsche Boerse has said investments in new businesses including crypto technologies will help the German exchange group meet its double digit growth targets.
Theodor Weimer, chief executive officer at Deutsche Boerse, cited recently announced acquisitions, and minority stakes in digital and tech firms as key to achieving its target of 10% compound annual growth in line with its Compass 2023 plan.
The exchange group expects to achieve €3.5 billion (£3bn) revenue for 2021, it said in an analyst call on Wednesday. The company needs to grow that to around €4.3bn by the end of 2023, according to current estimates.
Weimer pointed to the June agreement to acquire a majority stake in Swiss-based Crypto Finance, a specialist in providing trading and storage services to institutional and private investors in digital assets.
“The acquisition of the...