Deutsche Bank completes its purchase of a stake in Hua Xia Bank
Deutsche Bank and Sal Oppenheim finalise their purchase of a combined 13.9% stake in China's Hua Xia Bank.
Deutsche Bank announced Friday May 19 that it has completed the purchase of a total of 416,000,000 shares or 9.9% of the issued capital of Hua Xia Bank in China.
Deutsche and Sal. Oppenheim jr. Cie. KGaA, which is headquartered in Cologne, Germany, and is the largest independent private bank in Europe signed a binding agreement last October to buy a total of 587.2 million shares in Hua Xia Bank, amounting to a 13.98% for a total of Ç265 million....
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