30 Mar 2017
Sygnia acquires db X-trackers
By Janice Roberts
Sygnia announced today that it has signed an agreement to purchase db X-trackers (RF) Proprietary Limited (“DBX”) from Deutsche Group Holdings (SA) Proprietary Limited for R325 000 000, subject to obtaining the necessary regulatory approvals. Following this, and subject to FSB approval, the company and the ETFs will be rebranded.
