flatex completed the acquisition of 100% of the shares in DeGiro for a purchase price of €250m on a cash and debt free basis after completion of the agreement. With the acquisition of DeGiro, flatex will become the leading pan-Euro- pean online broker with a presence in over 15 European countries, over one million customers and more than 35m transactions in 2020. "During the process and due to the latest developments in our industry, e.g. the ongoing consolida- tions in the United States, once again we realised that size, scaling, customer orientation and internationality are key success factors," Frank Niehage, flatex CEO.