Stifel Europe to buy German brokerage Mainfirst Bank [Reuters]
Stifel Financial Corporation (SF)
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Source: Reuters
Stifel Europe to buy German brokerage Mainfirst Bank | Reuters 1 Min Read FRANKFURT (Reuters) - U.S. investment bank Stifel ( SF.N ) is buying Mainfirst Bank to build scale in its German and Swiss equity research business, the German brokerage said in a statement on Tuesday. Financial details of the transaction, which is expected to close in the first quarter of 2019, have not been disclosed. Mainfirst Bank has 200 staff, of which 60 are analysts covering European equities. The deal has no impact on Mainfirst’s asset management unit, which was separated from the brokerage business earlier this year. Reporting by Arno Schuetze; Editing by Michelle Martin All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Stifel Europe to buy German brokerage Mainfirst Bank FRANKFURT (Reuters) - U.S. investment bank Stifel ( SF.N ) is buying Mainfirst Bank to build scale in its German and Swiss equity resear
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