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Deutsche Bank to acquire Sal. Oppenheim

Deutsche Bank to acquire Sal. Oppenheim

Deutsche Bank AG says it has reached a deal to buy private bank Sal. Oppenheim in a ⁈ion ($1.5 billion) deal.
The Frankfurt-based bank, Germany's biggest, said Tuesday it had signed a framework agreement with the owners of Sal. Oppenheim jr. & Cie. SCA to acquire 100 percent of the group and that current Sal. Oppenheim shareholders would have the option getting a long-term stake in its German subsidiary, Sal. Oppenheim KGaA.
In buying the Luxembourg-based wealth management group, Deutsche Bank will also acquire the Germany subsidiary, BHF-BANK AG and the private equity fund of the funds business managed in the separate holding of Sal. Oppenheim Private Equity Partners SA.


Updated : 2021-03-06 17:19 GMT+08:00