Deutsche Bank has completed its $1.3 billion acquisition of German private bank Sal. Oppenheim jr. & Cie. S.C.A.

The German investment bank, which announced the completion of its purchase on Monday, has made Sal. Oppenheim a subsidiary. In addition, Deutsche Bank will pick up Sal. Oppenheim's other businesses, including BHF Bank Group and Sal. Oppenheim Private Equity Partners.

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