Deutsche Bank said on Friday it had agreed to buy Numis Corp , a London-based institutional stockbroker and corporate adviser, for about 410 million pounds ($511.2 million) as the German company deepens links with the UK corporate client segment.
, a London-based institutional stockbroker and corporate adviser, for about 410 million pounds as the German company deepens links with the UK corporate client segment.Numis recommended the offer, which comprises 339 pence in cash, an interim dividend of 6 pence per Numis share for the six months ended March 2023 and an additional interim dividend of 5 pence per share.
"The transaction will allow Deutsche Bank to accelerate its Global Hausbank strategy by unlocking a much deeper engagement with the corporate client segment in the UK," Deutsche Bank said in a statement. As part of its Global Hausbank strategy, Deutsche Bank as the leading bank in Germany with strong European roots, aims to become a "global local bank" - the first point of contact in all financial matters.
Deutsche Bank said it will combine its existing UK and Ireland corporate finance business with Numis and intends to co-brand with Numis for the relevant UK activities. The UK is the largest investment banking market in Europe and Numis is a diversified investment bank with a leading UK franchise.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank AG Stock | DBKGn - Investing.comGet detailed information about the Deutsche Bank AG NA O.N. (DBKGn) stock including price, charts, technical analysis, historical data, Deutsche Bank AG reports and more.
Read more »
Deutsche Bank makes upper echelon changes to ‘sharpen management board’s focus’Deutsche Bank AG on Wednesday announced a new “leaner” nine-member management board to “further sharpen its focus on clients’ needs, the bank’s areas of...
Read more »
Deutsche Bank overhauls board as U.S. head Riley joins SantanderDeutsche Bank is undertaking its biggest management shake-up since 2019, the German bank said on Wednesday as it announced the departure of Christiana Riley, who oversaw its U.S. operations.
Read more »
How to trade Deutsche Bank and Barclays quarterly results based on historyUsing data going back to past 20 quarters, CNBC Pro found how well each lenders' stock performs against their benchmarks based on different outcomes.
Read more »
Deutsche Bank: Q1 deposits 592 billion euros, down 5% from Q4 2022Deutsche Bank on Thursday reported a 5% drop in deposits from the end of last year.
Read more »
Deutsche Bank logs 11th straight quarterly profit, reveals job cutsDeutsche Bank on Thursday reported a net profit of 1.158 billion euros ($1.28 billion) for the first quarter.
Read more »