* Deutsche Boerse focused on organic growth
* Would look at M&A opportunities
* No share buyback planned
(Adds CFO comment on ISE unit)
FRANKFURT, July 25 Deutsche Boerse is
open to possible acquisitions and has not hired banks to sell
its International Securities Exchange (ISE) unit, the
Frankfurt-based exchange operator's finance chief said on
Sources familiar with Deutsche Boerse told
Reuters last month that the group was considering selling ISE,
but that valuation levels were currently not attractive enough
to pursue a sale in the short run.
"I can confirm that we not have opened up a selling process
with any bank," Gregor Pottmeyer said on an analyst call to
discuss second-quarter earnings on Friday.
Deutsche Boerse is focussing on organic growth, but is also
open to potential acquisitions, he said.
"Complementary M&A opportunities or partnerships are
evaluated on a continued basis. When we would see something that
would make sense then we are open to discuss."
Deutsche Boerse bought ISE - then the second-largest U.S.
options market - in 2007 for about $2.8 billion, but was forced
to book a series of impairment charges on the asset, including
one of 415 million euros in the fourth quarter of 2009.
The German exchange operator has had a series of setbacks in
the United States including a failure to gain permission to
offer options on some key U.S. indexes.
Through its ISE platform Deutsche Boerse attempted to make a
push into the market for U.S. equity options, complementing its
own electronic derivatives platform Eurex, which offers trading
in European equity options, index options and futures.
Options trading volume has been hit by the introduction of
new bank rules which force traders to underpin options bets with
Pottmeyer also said on Friday that there will be no
opportunity to start a share buyback programme over the next few
(Reporting by Arno Schuetze; Editing by Erica Billingham)