PEH Wertpapier AG (DB:PEH) acquired 75.1% stake in W&P Financial Services GmbH.

PEH Wertpapier AG is a Germany-based financial services provider. The Company serves both private and institutional clients and offers investment products, asset management, asset planning, investment advisory, portfolio analysis and wealth management. The Company also manages stock market and pension funds. It operates through three segments: Administration/Service, Distribution and Asset Management. The Administration/Service segment comprises AXXION SA and its subsidiaries navAXX SA and AXXION Deutschland Investmentaktiengesellschaft, die Oaklet GmbH, including its subsidiary Oaklet SA and PEH Wertpapier AG Oesterreich. The Distribution segment includes PEH Vermoegensmanagement GmbH, Svea Kuschel + Kolleginnen Finanzdienstleistungen fuer Frauen GmbH, PEH Wertpapier AG Oesterreich and PEH Wealth Management GmbH. The Asset Management segment comprises PEH Wertpapier AG, Advanced Dynamic Asset Management GmbH and W&P Financial Services GmbH.