Corrected: UPDATE 1-Deutsche Bank to buy institutional stockbroker Numis for $511 mln
28/04/2023 07:19
(Corrects deal value in headline to $511 mln, from $511 mln
pounds)
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)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Savio D'Souza)
((abyjose.koilparambil@thomsonreuters.com; +917483275231;))