BNP Paribas, Deutsche Bank Deal on Equities Businesses Gets Approval

Date : 11/14/2019 @ 8:04AM
Source : Dow Jones News
Stock : Deutsche Bank Aktiengesellschaft (DB)
Quote : 6.02  0.0 (0.00%) @ 9:41AM
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BNP Paribas, Deutsche Bank Deal on Equities Businesses Gets Approval

Deutsche Bank Aktiengese... (NYSE:DB)
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   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)

Copyright (c) 2019 Dow Jones & Company, Inc.

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