Deutsche Bank AG (NYSE: DB) reported Wednesday that the bank would acquire an 8 percent stake in Eurogiro, according to Associated Press.
The financial terms of the deal were not disclosed, but the German bank said it would make the acquisition by buying shares in a planned capital increase at Eurogiro, a company that specializes in cross-border payments.
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Deutsche Bank said Eurogiro focuses on connecting the world's postal organizations, banks and other financial institutions.
Deutsche Bank, Germany's largest lender by assets, bought a stake in Germany's Postbank in 2008 to help it increase its retail reach.
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