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Provider: Reuters Investment Profile
Provider: Wright Reports

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Varengold Wertpapierhandelsbank AG Secures Majority Stake in Hanseatic Brokerhouse Securities AG

Thursday, 27 Dec 2012 09:01am EST 

Varengold Wertpapierhandelsbank AG announced that it has secured a majority in Hanseatic Brokerhouse Securities AG (HBS). Against this background, the Company has increased its existing stake in HBS in the amount of 16% up to 71%. HBS operates a branch in the Spanish capital Madrid and a sales office in the port-city of Valencia in addition to its headquarters in Hamburg. HBS addresses its offer primarily to private investors and traders. Varengold Wertpapierhandelsbank AG intends to further expand its stake in HBS in January 2013. 

Company Quote

-0.403 -4.65%
24 Jul 2014