23 October 2017
Register now

Boursorama forecasts EUR10 million savings from Selftrade buy

09 January 2003  |  3649 views  |  0 Boursorama forecasts EUR10 million savings from Selftrade buy

French online broker Boursorama is forecasting pre-tax savings of EUR10 million a year from its EUR62 million acquisition of a 99.99% stake in DAB Bank's Selftrade operation.

The company says the savings will come from migration to a single IT platform aligned with back office, operational and marketing consolidation and will be in place by the end of the year.

Boursorama and Selftrade accounted for 38% of all online orders executed in France in 2002, giving the combined group a clear market-leading position.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Rabobank acquires online broker Alex

Rabobank acquires online broker Alex

02 January 2003  |  4021 views  |  0 comments
Brief: Fimatex in exclusive talks to acquire SelfTrade

Brief: Fimatex in exclusive talks to acquire SelfTrade

20 December 2002  |  3442 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
15190 views comments | 17 tweets | 29 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13520 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9949 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9917 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8921 views comments | 9 tweets | 18 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job