Bitcoin Group SE acquires 100% stake in Tremmel Wertpapierhandelsbank GmbH
Herford, November 12,2018 – Bitcoin Group SE announces that today it has notarized the acquisition of 100% of the shares of Tremmel Wertpapierhandelsbank GmbH, based in Frankfurt, Germany. The purchase price is in the lower seven-digit euro range. The transaction is subject to the condition precedent of approval by the relevant regulatory authorities. Closing of the transaction is expected for the first half of 2019.
In addition, Bitcoin Group SE will significantly strengthen the equity of Tremmel WertpapierhandelsbankGmbHby granting a subordinated loan.
Tremmel Wertpapierhandelsbank GmbH, founded in 2003, is a company supervised by the German Federal Financial Supervisory Authority ("BaFin") with the license to provide banking and financial services.