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BNP PARIBAS / DEUTSCHE BANK (GLOBAL PRIME FINANCE AND ELECTRONIC EQUITIES BUSINESS ASSETS)
M.9539
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
SECTION 1.2
Description of the concentration
On July 7, 2019, Deutsche Bank announced significant strategic transformation and restructuring plans, resulting in a significant downsizing of its investment banking activities. As part of this downsizing, the Transaction between the Parties concerns the migration to BNP Paribas of certain of Deutsche Bank’s global prime finance and electronic execution clients, the transfer of certain related IT assets, and the possibility for BNP Paribas to recruit some of the current employees of Deutsche Bank (together the Deutsche Bank Target Business).
BNP Paribas is an international banking group operating in 75 countries with more than 200,000 employees. It is active in retail banking, asset management, and corporate and investment banking, including prime financing and cash electronic execution services.
Deutsche Bank is a globally operating banking group active in retail banking, investment management and services and corporate and investment banking. It operates in over 70 countries and employs more than 78,000 people worldwide. The Deutsche Bank Target Business is part of the to be closed Global Equities Sales & Trading unit within the company’s broader investment banking activities.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.