Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group
Published August 5th, 2009
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) confirmed talks on a strategic partnership with Sal. Oppenheim jr. & Cie. S.C.A.. In this respect, Deutsche Bank has made a non-binding offer for a capital stake in Sal. Oppenheim. Sal. Oppenheim will allow Deutsche Bank to conduct due diligence.
The strategic partnership is intended to give Sal. Oppenheim’s customers access to Deutsche Bank’s global network and strengthen Deutsche Bank’s position in business with affluent private clients in Germany.
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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise as well as mutually reinforcing businesses. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78.896 employees in 72 countries, Deutsche Bank offers a comprehensive range of services worldwide. The bank’s goal is to be the leading global provider of financial solutions for demanding clients, creating exceptional value for its shareholders and people.
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