Close Brothers buys into German firm advising on mergers
Article Abstract:
Freyberg Hambros, a corporate-finance company from Germany, has sold majority of its shares of stock to Close Brothers Group PLC, an investment bank from the United Kingdom. Close Brothers Group is looking to avail of the expertise of Freyberg Hambros, which was given the new Freyberg Close Brothers name, in taking advantage of the prevailing consolidation and reorganization trend experienced by the market for mid-cap to small quoted firms, the German Mittelstand.
Comment:
Acquires majority of Freyberg Hambros' shares of stock
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Allianz plans to purchase Muehl stake
Article Abstract:
East Germany's buildings material supplier Muehl Product and Service AG will sell a 15% stake to insurance powerhouse Allianz AG for $24.5 million. Industry analysts have said that the investment represents Allianz's first foray into the Neuer Markt, the German exchange which is dominated by media, biochemical, telecommunications and software stocks.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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