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Deutsche Bank buys stake in TrustBills
April 3, 2017 / 5:11 PM / in 8 months

Deutsche Bank buys stake in TrustBills

FRANKFURT (Reuters) - Germany’s Deutsche Bank AG (DBKGn.DE) has bought a 12.5 percent stake in auction platform TrustBills, the bank said on Monday.

Germany's Deutsche Bank headquarters are pictured in Frankfurt, Germany, October 5, 2016. REUTERS/Kai Pfaffenbach

    The terms of the deal were not disclosed.

    Founded in 2015, Germany-based financial technology company TrustBills is an electronic marketplace for national and international trade receivables.

    Reporting by Alexander Huebner; Writing by Edward Taylor; Editing by Mark Potter

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