Broker FlatexDegiro Is Said to Draw Private Equity Interest (1)

flatexDEGIRO AG, the online brokerage, is attracting preliminary interest from private equity firms, according to people familiar with the matter.

Buyout firms are studying the feasibility of a take-private of Frankfurt-listed Flatex, the people said, asking not to be identified discussing confidential information. Flatex has a market value of 2 billion euros ($2.3 billion).

Flatex is open to considering any formal takeover offers, a spokesperson for the company said, declining to comment further. Shares in Flatex jumped as much as 21% on Wednesday.

Formerly known as FinTech Group AG, Flatex was founded by Bernd Foertsch in Kulmbach, Bavaria. It ...