FlatexDEGIRO AG logo

FTK - FlatexDEGIRO AG News Story

€88.65 -0.8  -0.9%

Last Trade - 12/04/21

Sector
Financials
Size
Mid Cap
Market Cap £2.12bn
Enterprise Value £2.41bn
Revenue £145.3m
Position in Universe 295th / 1045

BRIEF-Flatex Gets Regulatory Approval To Buy 100% In Degiro

Tue 21st July, 2020 3:11pm
July 21 (Reuters) - FLATEX AG  FTKG.DE :
    * REGULATOR APPROVES TODAY FLATEX TO ACQUIRE 100% OF DEGIRO
    * FLATEX CEO FRANK NIEHAGE WILL JOIN DEGIRO SUPERVISORY
BOARD
    * DEGIRO CONSOLIDATION INTO FLATEX GROUP EXPECTED AS OF
AUGUST 1,
2020
    * CASH ACCOUNTS FOR DEGIRO CLIENTS ALREADY IMPLEMENTED TO
HARVEST
SYNERGIES
    * STRONG BUSINESS TRENDS CONTINUE THROUGHOUT JULY, MID-TERM
AMBITION CONFIRMED
    * WE ARE VERY CONFIDENT ON EUR 30 MILLION IN ANNUAL
SYNERGIES,
FIRST SYNERGIES WILL BE LEVERAGED IN SECOND HALF OF 2020
    * WE EXPECT ALMOST ALL EUR ASSETS TO BE MOVED TO FLATEX BANK
BY
END OF Q3 2020

Source text for Eikon:  ID:nEQZ7GHra 
Further company coverage:  FTKG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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