Analyst Research

Report Title Price
Provider: Stock Traders Daily
Provider: MacroRisk Analytics/EconomicInvestor
Provider: ValuEngine, Inc.
Provider: ValuEngine, Inc.

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Xchanging Plc Proposes Sale of Shareholding in Xchanging Transaction Bank to Joint Enterprise Partner Deutsche Bank AG

Wednesday, 15 May 2013 02:01am EDT 

Xchanging plc announces today that it has signed an agreement (conditional upon Xchanging shareholder and certain other approvals) to sell its 51% shareholding in Xchanging Transaction Bank GmbH and its holding company Xchanging etb GmbH (together "XTB") to its joint Enterprise Partner, Deutsche Bank AG ("Deutsche Bank"). Xchanging will receive total cash amounting to €40.5 million, including estimated cash payable to Xchanging in respect of trading up to the closing of the transaction. The transaction announced today effectively provides Xchanging with the cash equivalent of the after tax present value of the remaining cash flows of the service contracts of XTB. As such, it is considered to be value enhancing for Xchanging shareholders, notwithstanding that the transaction will bring forward the earnings dilution that would otherwise have arisen in the future when such contracts were terminated. 

Company Quote

26 Mar 2015