Allen & Overy LLP is advising Deutsche Börse AG on the sale of its International Securities Exchange (“ISE”) to NASDAQ, Inc. The ISE is a leading operator of stock options exchanges in the USA. The purchase price is USD 1.1 billion. The transaction is expected to close in the second half of 2016 and is currently subject to clearance by the regulatory and competition authorities.

The Allen & Overy team was led by partners Dr. Hartmut Krause (corporate/M&A, Frankfurt) and Peter Harwich (corporate/M&A, New York) and comprised partners Dr. Heike Weber (tax, Frankfurt), Elaine Johnston and associate Puja Patel (antitrust, New York), counsel Brian Jebb, associates Ruth Ducena, Shira Selengut, Keren Livneh and Mark Sorensen (all corporate/M&A, New York), partner Jack L. Heinberg, partner Dave Lewis and associates Brian Schultz and Dustin Plotnick (all tax, New York), partner Chris Salter and associates Matthew Daigler and Kimberly Chehardy (all banking regulatory, Washington D.C.), partner John Roberti and associate Erik Raven-Hansen (both antitrust, Washington, D.C.), counsel Marua Rezendes (environment, Washington, D.C.), and senior associates Peter Seidel and Dr. Dominic Paschke (tax, Frankfurt).