The Luxembourg-based investment bank Sal Oppenheim, said Wednesday it had sold its equity trading and derivatives business to Australian bank Macquarie. Oppenheim, who in turn acquired by Deutsche Bank, no financial details, but according to Financial Times Deutschland, Macquarie would pay around 50 million euros (70 million) for the device. Over 90 employees will be transferred to Macquarie Oppenheim as part of the deal expected to close early in the second quarter of 2010, “said the statement. Macquarie have “access to a new range of products, a platform-art technology and high-class employees with extensive knowledge of domestic markets, from Macquarie director Mark Gilbert, said in a statement the company. A derivative is a financial instrument that derives its real value, or receive some good or trading in securities and Oppenheim in Germany, Switzerland, Austria and Italy. Deutsche Bank is the purchase of Oppenheim around one billion euros (1.42 million), and Oppenheim, said Tuesday that Deutsche Bank executive Wilhelm von Haller to be his new boss. Germany’s biggest bank is not interested in derivatives activities Oppenheim, however, but rather in private, the Luxembourg bank impressive portfolio of assets under management, worth about 60 billion euros, analysts said. The future of the Oppenheim-mergers and acquisitions advisory work in financial markets remains uncertain, meanwhile, with the latter responsible for a large part of the bank’s recent financial problems. He bought, in particular, a large proportion of the German retail group Arcand, who has declared bankruptcy. The option also remains open in connection with the Frankfurt-based BHF-Bank Oppenheim, who purchased in 2005 to 600 million euros.