Shareholders approve Numis acquisition by Deutsche Bank

Expected to complete in Q4 2023

Cristian Angeloni
clock • 1 min read

Shareholders at investment bank Numis have voted in favour of the acquisition by Deutsche Bank at two meetings yesterday (21 June).

In a regulatory filing, the investment bank said the all-cash deal, which was being implemented via a court-sanction agreement, has received the approval of its shareholders at both a court and a general meeting. Deutsche Bank to buy Numis for £410m At the court meeting, 97.7% of shareholders approved the acquisition, whereas at the general meeting, 99.9% passed the special resolution to implement the acquisition and authorised Numis directors to take any action necessary for its completion. The M&A deal will see Deutsche Bank acquire all issued and to be issued share capital of Nu...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

In 2021 and 2022, Hargreaves earned £50m in each year on client cash, and the analysts estimated the income will grow to around £270m for the 2024 financial year.

Jefferies retains 'Buy' rating for Hargreaves Lansdown

No ‘double dipping’ impact

Cristian Angeloni
clock 10 January 2024 • 2 min read
People close to BlackRock told Fox Business that savings from the layoffs will be used to expand into growth businesses such as technology investing and alternative investment products.

BlackRock plans to cut 3% of global workforce - reports

Entering a more ‘mature’ business phase

Valeria Martinez
clock 09 January 2024 • 1 min read
Jupiter CEO Matthew Beesley

Jupiter suffers higher than anticipated outflows of £2.2bn

Weaker than anticipated retail sentiment

Cristian Angeloni
clock 09 January 2024 • 2 min read
Trustpilot