PARIS (dpa-AFX) - Comdirect bank AG (CDBG) announced an agreement with Boursorama S.A. to acquire its entire shareholding in OnVista AG, domiciled in Frankfurt am Main. The companies have agreed not to disclose the purchase price.
OnVista AG comprises an online broker, in the form of OnVista Bank GmbH, and the www.onvista.de finance portal, in the form of OnVista Media GmbH. As of September 2016, OnVista Bank GmbH holds about 2.1 billion euros in assets under management and has around 90 thousand trading-oriented customers. OnVista AG is a subsidiary of the French company Boursorama S.A., the leading online bank in France wholly owned by Societe Generale Group.
Arno Walter, CEO of comdirect bank AG, said: 'With OnVista Bank, we are strengthening our position as a market leader in the brokerage business in Germany in terms of trade figures, and are adhering to our strategy of being the first choice in saving, investing and trading in securities.'
Copyright RTT News/dpa-AFX