Linklaters advises Crédit Mutuel and TARGO Deutschland Financial Holding Group on the acquisition of OLB
Linklaters advises Crédit Mutuel Alliance Fédérale and TARGO Deutschland Financial Holding Group on the acquisition of 100 % of German bank Oldenburgische Landesbank (OLB).
Upon completion of the transaction, OLB is to become part of the TARGO Deutschland Financial Holding Group, like TARGOBANK AG. The acquisition is a fundamental step in Credit Mutuel Group's overall strategy to substantially expand its German business. In terms of assets, the consolidated German group will become the tenth largest bank in Germany after the transaction is completed, with a comprehensive offering for corporate and private customers.
The transaction is subject to the approval of the regulatory authorities, in particular the European Central Bank (ECB) and the competition authorities.
The Linklaters team is led by Partners Dr. Thomas Broichhausen (Corporate/M&A, Munich) and Andreas Steck (Financial Regulation, Frankfurt) and Counsel Nikita Selivanov (Corporate/M&A, Frankfurt).
Further team members are Alain Garnier (Partner, Corporate/M&A, Paris), Andreas Schaflitzl (Partner, Tax, Munich), Dr. Daniel Pauly (Partner, TMT, Frankfurt), Thomas Elkins (Partner, Antitrust & Foreign Investment, Paris), Dr. Julian Emmerich (Managing Associate, Financial Regulation, Frankfurt), Ludwig Stimpel (Associate, Corporate/M&A, Munich), Maximilian Huchel (Associate, Corporate /M&A, Munich), Martin Rojahn (Counsel, Capital Markets, Frankfurt), Dr. Alexander Zitzl (Managing Associate, Tax, Munich), Dr. Falk Mahdi (Managing Associate, Real Estate, Munich), Jeanne Lévy-Bruhl Managing (Associate, Antitrust & Foreign Investment, Paris), Lars Harzmeier (Managing Associate, Litigation, Arbitration & Investigations, Frankfurt), Dr. Luca Rawe (Managing Associate, Employment, Düsseldorf), Sinziana Ianc (Managing Associate, Antitrust & Foreign Investment, Düsseldorf), Tim Ulmers (Managing Associate, TMT, Frankfurt), Dr. Alexander Al Hamwi (Associate, Tax, Munich), Antonia Mertens (Associate, TMT, Frankfurt), Benedict Heil (Associate, Litigation, Arbitration & Investigations, Frankfurt), Catrin Retzmann (Associate, Capital Markets, Frankfurt), Colin Laws (Associate, Employment, Frankfurt), Cordt-Magnus Erich van Geuns-Rosch (Associate, IP/LAI, Frankfurt), Dr. Fabian Lutz (Associate, Tax, Munich), Fabian Schwarzfischer (Associate, Corporate/M&A, Munich), Felix Kolbe (Associate, Real Estate, Munich), Felix Wichert (Associate, TMT, Frankfurt), Jonas Baumann (Associate, TMT, Frankfurt), Dr. Kevin Eisenschmidt (Associate, Corporate/M&A, Frankfurt), Lena Mischau (Associate, TMT, Madrid), Naomi Noll (Associate, Financial Regulation, Frankfurt), Nicolas Chavonnand Valades (Associate, Antitrust & Foreign Investment, Paris), Odysseas Tzanetis (Associate, Antitrust & Foreign Investment, Düsseldorf), Dr. Philipp Bergjans (Associate, Banking, Frankfurt), Dr. Tina Kostić (Associate, Financial Regulation, Frankfurt), Vanessa Azad (Associate, Corporate/M&A, Munich) and Iuliia Matveieva (Transaction Lawyer, Corporate/M&A, Munich).
