51% Deutsch Bank share in “Strategica”
German consulting group requests accreditation
Wednesday Jun 13 2007.
Deputy-head of “Deutsch Bank” administration board revealed that the German institution submitted a license request to both Bank of Algeria and the Stock exchange operation control commission, “COSOB” in order to carry on Deutsch Security Algeria Company activities as a branch in Algeria.
In a press conference held yesterday in Hilton Hotel, with the German ambassador and head of the Algerian-German Chamber of Commerce, the bank responsible announced the first presence in Algeria of “Deutsch Bank” through 51% share of the Algerian financial consulting company “Strategica” waiting for getting the license to set its branch in Algeria.
Nnn said that Deutsch Security Algerika is to supply with investment bank services, as well as ensuring implementation of financial integration projects and counselling services, also merging and buying companies, introducing companies to stock exchange, and contributing to the privatization of public institutions like the Algerian Popular Credit (CPA), as well as undertaking a financial restructuring of the main projects and attracting investors worldwide by funding them in Algeria.
O another side, “Strategica” General Manager Elhachemi Seyagh said that the two parties will now help enterprises to get into the stock exchange. He told El Khabar that an exhaustive survey on the Algerian market is to be undertaken through which great company situation is to be taken stock of in addition to their predisposition to enter the Stock Exchange.
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