DGAP-News: Baader Bank AG / Key word(s): Investment
Unterschleissheim, 09th April 2019: Baader Bank AG is selling their 30 per cent share in Oman broker Gulf Baader Capital Markets S.A.O.C. This marks another important milestone on the journey to realigning Baader Bank.
With the transaction completed at the end of March 2019, shares in Gulf Baader Capital Markets S.O.A.C. will be transferred to the new proprietor; the Oman broker is therefore leaving Baader Bank's Group structure.
The investment was made in 2006, following market developments to build a strategic hub in the flourishing Middle East.
For both Baader Bank and its clients, this measure means that market access in this region will remain unchanged.
The sale of the broker is a logical continuation of the corporate strategy, in which Baader Bank is focusing on its core business, reducing the complexity in the Group structure and is selling or discontinuing product providers and commitments abroad.
Further information is available from:
Florian E. Schopf
T +49 89 5150 1013
About Baader Bank AG:
Baader Bank is the bank for the capital market. It allows its clients to access international capital markets and to invest in financial products in an effective, efficient and secure manner. The bank uses the latest innovations in the banking industry for products, processes and technology to generate added value for its clients. As a family-run, full-service bank with its headquarters in Unterschleissheim near Munich with 450 employees, it is active in the business lines of Market Making, Capital Markets, Multi Asset Brokerage, Asset Management Services, Banking Services and Research.
Company website: www.baaderbank.de
|Company:||Baader Bank AG|
|Weihenstephaner Str. 4|
|Phone:||+49 89 5150 1013|
|Fax:||+49 89 5150 1111|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange|
|EQS News ID:||796863|
|End of News||DGAP News Service|