Deutsche Bank is set to clinch a deal to buy Sal Oppenheim, the private bank, in a transaction that could be announced this week. The deal is expected to give Deutsche about 75% of Sal Oppenheim, which could provide the owners of Sal Oppenheim with a blocking minority in the combined entity. Talks between the banks have continued for weeks as Deutsche seeks terms to scoop up Sal Oppenheim in order to strengthen its wealth management business with European clients, principally in Germany.

This entry was posted by Gwen Robinson on Monday, October 26th, 2009 at 4:35 and is filed under Capital markets, M&A. Tagged with deutsche bank, sal oppenheim. Edit this entry.