Deutsche Bank eyes controlling stake in Sal Oppenheim.
Global Banking News-5 October 2009-Deutsche Bank eyes controlling stake in Sal Oppenheim(C)2009 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 05 October 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Germany's Deutsche Bank AG (NYSE: DB) (DBK.DE) is set to take a majority stake in private investment bank Sal Oppenheim Jr & Cie, Dow Jones has reported citing a person familiar with the matter.
'A stake of more than 75 percent would make sense,' the source reportedly said, adding that it would give Deutsche Bank immediate control. Deutsche Bank and Sal Oppenheim are expected to reach an agreement by mid- October, when the rights to exclusive negotiations between the two parties expire.
Past media reports have said that Deutsche Bank was only interested in Sal Oppenheim's asset management operations.
[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]
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| Publication: | Global Banking News (GBN) |
|---|---|
| Date: | Oct 5, 2009 |
| Words: | 156 |
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