BNP Paribas, Deutsche Bank Deal on Equities Businesses Gets Approval
November 14 2019 - 3:04AM
Dow Jones News
By Cristina Roca
Deutsche Bank AG (DBK.XE) has received the necessary approvals
to sell parts of its equity business to BNP Paribas SA (BNP.FR), it
said Thursday.
In September, the German lender reached an agreement to transfer
its global prime finance and electronic equities businesses to BNP.
The agreement includes referring clients and transferring
technology and key staff to the French bank, and is now
unconditional, Deutsche Bank said.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
November 14, 2019 02:49 ET (07:49 GMT)
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