Aug 5 (Reuters) - Deutsche Bank has made a non-binding offer to take a capital stake in private bank Sal. Oppenheim, Germany's biggest bank said on Wednesday.
The deal comes after Sal. Oppenheim had denied for weeks that it may need extra capital to stay afloat.
Following are some facts about Sal. Oppenheim:
* Headquartered in Luxembourg, it is the largest independent private banking group in Europe and Germany's highest-profile bank to the wealthy. It employs 4,000 people.
* Sal. Oppenheim manages total assets of 132 billion euros, has equity capital of 2 billion euros, and a balance sheet total of 41 billion euros.
* Asset management is one of the core businesses of the group. It offers investment products in the areas of securities, real estate and equity investments and has expertise in structuring and managing private equity fund of funds concepts, as well as individual private equity holdings.
* Investment Banking constitutes another core business division. The target group includes upmarket SMEs, institutional and private investors, as well as the public.
* Sal. Oppenheim took a 29.5 percent stake in German retail and tourism group Arcandor in September 2008, but last June it sold a 3.7 percent stake after Arcandor filed for insolvency.
* In July, Sal. Oppenheim co-owner Friedrich Carl Janssen said there had been no talks with Germany's bank rescue fund Soffin about state aid, countering rumours that the bank may have needed extra capital to stay afloat. He said the bank was in a comfortable position from the point of view of capital.