Craigs staff to buy back Deutsche stake

Fri, 20 Dec 2019

Craigs Investment Partners will go back to being a staff-owned investment firm after reaching a deal with Germany’s Deutsche Bank to buy its 49.9 percent stake.The deal is subject to the usual approvals and is expected to be signed by the end of February, Craigs said in a statement. The change isn’t expected to affect the firm’s operations, it said.“We have enjoyed a nine-year relationship with DB, one that has proved mutually beneficial throughout a period that has seen the New Zealand financial markets evolve and our business grow exponential...

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