Deutsche Börse came under fire from two London-based hedge funds which hold a combined 19% stake in the exchange this week, after they argued that efforts, including a possible supervisory board overhaul, should be made to improve its shareholder value.
TCI and Atticus Capital released a joint statement this week announcing their plans to boost the bourse's fortunes.
“This may include seeking to change some of the members of the supervisory board in order to ensure leadership and urgency regarding any appropriate options,” the hedge funds explained.
The announcement was made in light of the release of recent figures, which highlighted a dramatic drop in the value of shares in Deutsche Börse since the beginning of the year, by around 47%.
This isn't the first time that the funds have collaborated to impose their will on the German exchange; in 2005, they controversially forced out the Chief Executive at the time, Werner Seifert, and called a halt to a proposed GBP1.3bn bid for the London Stock Exchange.
Deutsche Börse remained close-lipped on the matter, announcing that although it will not comment on the actions of individual shareholders, it remains "in permanent dialogue" with all shareholders.
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