BRUSSELS À JOUR - More Pills to Swallow – Antitrust Scrutiny in the Pharmaceutical Sector remains High
2 December 2024
Austrian BAWAG Group signed on 4 July 2024 a transaction to acquire Barclays' Hamburg-based German retail banking business ("Barclays Consumer Bank Europe") from Barclays Bank Ireland PLC. As of 31 March 2024, Barclays Consumer Bank Europe had gross assets of € 4.7 billion primarily comprising of card and loan receivables, of which approximately € 2 billion are credit card receivables.
The transaction is subject to customary closing conditions, including regulatory approvals.
Hengeler Mueller team for BAWAG Group
M&A/Corporate: Johannes Adolff (lead, Frankfurt), Hartwin Bungert (Dusseldorf), Thomas Lang, Thomas Müller (both Frankfurt), Jens Wenzel (Berlin, all partners), Moritz Weidemann, Maximilian Kunzelmann, Christian Voigt (all Frankfurt), Nicolas Kutscher (Berlin), Lea Sophie Grohmann (Frankfurt), Moritz Koch (Dusseldorf), Antonius Rodewig, Julia Tittel, Konrad Schäfer, Philip Falk, Moritz Bach, Hannah Schütz, Julie Stratmann (all Frankfurt, all associates),
Bank Regulatory & Finance: Dirk H. Bliesener (partner, lead), Martin Peters, Jan Letto Steffen (both counsel), Gerrit Tönningsen, Pascal Brandt (all Frankfurt), Sara Dietz (Munich, all associates),
Employment: Christian Hoefs (partner), Stefan Kreß (associate, both Frankfurt),
Tax: Markus Ernst (partner, Munich), Sebastian Heinrichs (counsel), Maximilian Maucher (both Frankfurt), Julia Gramer (Munich, both associates),
IP: Matthias Rothkopf, Andrea Schlaffge (both counsel, both Dusseldorf), Patrick M. Schmidt (Frankfurt), Kim Josefine Weisser (Dusseldorf, both associates),
Antitrust: Philipp Otto Neideck (partner), Christian Dankerl (counsel), Sven Botthäuser (associate, all Dusseldorf),
Public Law/Data Protection: Carolin Raspé (counsel, Munich), Kevin Marschhäuser, Roman P. Kalin, Lukas von Ditfurth (all Berlin, all associates).
