on FlatexDEGIRO AG (isin : DE000FTG1111)
FlatexDEGIRO AG Plans Merger with Bank Subsidiary in 2026
flatexDEGIRO AG has announced intentions to merge with its subsidiary, flatexDEGIRO Bank AG, by 2026. The objective is to streamline organizational structures and enhance efficiency. The firm's strategic focus as a leading European wealth-building platform remains constant.
Key conditions for the merger include amending the Company's Articles of Association to incorporate banking activities. Additionally, regulatory approval for a new banking license is necessary, as the current license of flatexDEGIRO Bank AG cannot be automatically transferred. Approval from the Supervisory Board is also required.
This move underscores flatexDEGIRO's commitment to operational efficiency while maintaining its core business objectives.
R. E.
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