Bankers Trust New York Corp. said Tuesday it had agreed to buy the European equity research, underwriting, and trading operations of Natwest Group in London for about $217 million.

The deal adds an international flavor to Bankers Trust's push into equity underwriting, which accelerated earlier this year with the acquisition of Alex. Brown & Sons, Baltimore. The two deals help to fulfill the company's goal of building a complete corporate product line-debt and equity underwriting, lending, and advisory services.

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