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Further re Xchanging Transaction Bank

2nd Sep 2013 07:00

RNS Number : 9554M
Xchanging PLC
02 September 2013
 



Xchanging plc

Further to our announcements of 15 May 2013, 10 July 2013 and 26 July 2013, Xchanging plc announces that with effect from 1 September 2013, Xchanging Holdco No. 3 Limited ("Xchanging") has: (i) disposed of its 51% shareholding in Xchanging etb GmbH ("Xetb"), including Xetb's wholly-owned subsidiary Xchanging Transaction Bank GmbH ("XTB"), to PBC Banking Services GmbH (a wholly-owned subsidiary of Deutsche Bank AG); and (ii) XTB has transferred its 51% shareholding in Fondsdepot Bank GmbH ("FdB") to Xchanging. The other 49% shareholding in FdB remains owned by Allianz Global Investors Europe GmbH.

 

Enquiries:

Xchanging plc

 Tel: +44 (0) 207 780 6999

David Bauernfeind, Chief Financial Officer

Alexandra Hockenhull, Director of Corporate Communications

and Investor Relations

 

Maitland

 Tel: +44 (0) 207 379 5151

Brian Hudspith

Emma Burdett

Daniel Yea

 

About Xchanging

 

What we areXchanging provides business processing, technology and procurement services internationally for customers across multiple industries.What we doXchanging brings innovation, thought leadership and passion to its customers' businesses so as to enhance performance and value. Our values are embedded into everything we do.What we want to beXchanging wants to be regarded as the best provider in its chosen markets by delivering services that are recognised for outstanding quality, reliability and innovation.

 

www.xchanging.com 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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