Global law firm Dentons has advised Thomas Soltau, a long-time member of the management board of wallstreet:online capital AG, on the sale of his approximately 19.3% stake in wallstreet:online capital AG to wallstreet:online AG.
With the purchase of Mr. Soltau’s shares, together with other share purchases, wallstreet:online AG’s total shareholding in wallstreet:online capital AG will exceed 95% following the successful completion of the ongoing owner control process. Long-time wallstreet:online capital AG board member Thomas Soltau will remain onboard at the company as co-CEO.
The wallstreet:online group plans to further develop its trading platform “Smartbroker” into the leading online broker in Germany in the coming years. The company has served more than 130,000 customers since the product launch in December 2019. The four stock market portals operated by wallstreet:online most recently achieved a combined reach of more than 455 million page views per month.
A Dentons team led by Tim Heitling and Thomas Dörmer advised Thomas Soltau on all corporate and stock corporation law aspects of the transaction.
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