flatex to buy DeGiro to become Europe`s online brokerage champion
(WorldNews Africa)

Corporate News / Frankfurt/Main, December 16, 2019 flatex to buy DeGiro to become Europe`s online brokerage champion flatex AG acquires 100% of the shares in DeGiro for a purchase price of EUR 250m on a cash and debt free basis after completion of the agreement The purchase price will be financed by a capital increase against contribution in kind of up to 7.5 million shares at EUR 25.33 and a cash component of up to EUR 60 million Development of a financial supermarket under continuation of both brands in more than 15 Euro- pean countries with over 1 million customers and over 35 million transactions annually in 2020 Complementary set-up in the areas of IT, processing and regulation offers...