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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sap SE | TG:SAP | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.44 | 1.45% | 170.84 | 170.36 | 170.86 | 171.18 | 168.40 | 168.76 | 16,101 | 20:59:55 |
By Giulia Petroni
SAP SE said Tuesday that it has agreed to enter into a partnership with Dediq GmbH to jointly expand its financial services portfolio.
The German software company will form, along with Dediq, a dedicated financial services industry unit that will focus its investment on areas such as commercial lending, retail banking, core insurance as well as insurance finance and bank management.
The unit will be jointly owned by the two companies, with Dediq investing more than 500 million euros ($595.6 million) in it, according to SAP.
Pending antitrust approval, the unit should be in place in the second half of the year, the company said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 13, 2021 07:38 ET (11:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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