Extract from M&A Insights

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Deka takes over Spängler IQAM Invest
September 22, 2020
Deka Bank (Deka), the securities house of the savings banks, takes over the Austrian fund boutique Spängler IQAM Invest with 60 FTEs. According to Deka, the transaction will take place at the end of 2020. Markus Ploner, CEO of Spängler IQAM Invest says: "The change of ownership opens up strategic opportunities throughout Europe and offers great growth potential for quantitative fund management". Financials of the deal remain undisclosed.
ⓘ This story was originally featured in our daily M&A Insights newsletter.
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