German state-owned winding-up institution FMS Wertmanagement (FMS-WM) sells its 100 per cent investment in Ireland’s DEPFA BANK plc to Austrian BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft. The parties agreed not to disclose the purchase price of the transaction.
The transaction is still subject to approval by supervisory and antitrust authorities.
Hengeler Mueller advises FMS Wertmanagement on the transaction. The team includes partners Johannes Adolff (M&A), Dirk Bliesener (Banking) (both Frankfurt), Alf-Henrik Bischke (Antitrust, Düsseldorf), Markus Ernst (Tax, Munich), Christian Hoefs (Employment, Frankfurt) and Hans-Jörg Niemeyer (State Aid, Brussels), counsel Jan Letto Steffen (Banking, Frankfurt) as well as associates Jan Häller, Marika Öry, Philipp Ersfeld (all M&A), Sebastian Adam (Tax) (all Frankfurt), Joachim Hannes Burger (State Aid, Brussels), Christian Dankerl (Antitrust, Düsseldorf), Marius Mayer (Employment) and Gerrit Tönningsen (Banking) (both Frankfurt).
