Deutsche Bank will pay $511 million to acquire institutional brokerage Numis.

As the German company strengthens ties with the UK corporate customer segment, Numis Corp (NUM.L), a London-based institutional stockbroker and corporate advisor, stated on Friday that it will be acquired by it for around 410 million pounds ($511.2 million).

by Gazet International,
Apr 28, 2023
in Banking

Deutsche Bank AG, sometimes referred to simply as Deutsche, is a German multinational investment ban

April 28 (Reuters) - Deutsche Bank (DBKGn.DE) said on Friday it would buy Numis Corp (NUM.L), a London-based institutional stockbroker and corporate advisor, for about 410 million pounds ($511.2 million) as the German firm deepens links with the UK corporate client segment.

The 350 pence-per-share, all-cash offer represents a premium of 72% to Numis stock's Thursday close.

The offer comprises 339 pence in cash, an interim dividend of 6 pence per Numis share for the six months ended March 2023 and an additional interim dividend of 5 pence per share.

The UK is the largest investment banking market in Europe and Numis is a diversified investment bank with a leading UK franchise. ($1 = 0.8021 pounds)

Source

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Deutsche Bank will pay $511 million to acquire institutional brokerage Numis.

As the German company strengthens ties with the UK corporate customer segment, Numis Corp (NUM.L), a London-based institutional stockbroker and corporate advisor, stated on Friday that it will be acquired by it for around 410 million pounds ($511.2 million).

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Gazet International

Deutsche Bank will pay $511 million to acquire institutional brokerage Numis.

As the German company strengthens ties with the UK corporate customer segment, Numis Corp (NUM.L), a London-based institutional stockbroker and corporate advisor, stated on Friday that it will be acquired by it for around 410 million pounds ($511.2 million).

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