Hedge fund Atticus Capital has welcomed the announcement from Deutsche Börse chairman Kurt Viermetz that he will resign in December, however the German exchange could face fresh demands for further changes from the activists.
The â¬10.7bn ($14.4bn) exchange group announced yesterday Kurt Viermetz, chairman of its supervisory board, would resign on December 8. The move forestalls pressure from Atticus and its UK peer The Children's Investment for a shareholder meeting to vote on Viermetz's position.
