Australian bank continues on acquisition trail

Macquarie confirmed this morning that it has reached an agreement to acquire the derivatives business of German private bank Sal Oppenheim, the latest in a string of global acquisitions for the ambitious Australian bank this year.

According to a statement, Macquarie has agreed to acquire Sal Oppenheim's equity derivatives and structured products business for an undisclosed sum, in a deal expected to complete in the second quarter.

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