Mandate

Gleiss Lutz advises Landesbank Berlin on sale of operations

Gleiss Lutz has advised Landesbank Berlin AG and Landesbank Berlin Holding AG on the sale of investment arm LBB-Invest and LBB’s customer-related capital markets business to DekaBank.  

LBB-Invest currently manages an investment portfolio of approx. EUR 10 billion. DekaBank will be maintaining LBB-Invest as an independent company at its Berlin site. The staff of LBB’s customer-related capital markets business will transfer to DekaBank.  

Landesbank Berlin and DekaBank both belong to the German Savings Banks Finance Group. The takeover process was launched in spring 2013 and successfully completed in early 2014. The parties have agreed not to disclose the purchase price.  

The following team of Gleiss Lutz lawyers advised Landesbank Berlin on the transaction: Steffen Carl (lead, partner, corporate/M&A, Munich), Dr. Ralf Morshäuser (partner, corporate/M&A, Munich), Dr. Stefan Lingemann (partner, employment, Berlin/Hamburg), Dr. Maximilian von Rom (partner, banking and finance, Frankfurt), Christian Steinke (partner, corporate/M&A, Berlin), Dr. Stefan Mayer (partner, tax, Frankfurt), Dr. Petra Linsmeier (partner, antitrust, Munich), Dr. Charlotte Beck (counsel), Dr. Rut Steinhauser (both employment, Berlin), Dr. Markus Weingarth (employment, Hamburg), Dr. Martin Viciano Gofferje (counsel, corporate/M&A, Berlin), Dr. Tobias Falkner (counsel), Christoph Limmer (both corporate/M&A, Munich), Sebastian Tusch (banking regulatory, Frankfurt), Dr. Iris Buckenleib (antitrust, Munich).

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