Dexia and Helaba have signed a sale and purchase agreement allowing Helaba to buy 100% of the shares in Dexia Kommunalbank Deutschland (DKD) for a total consideration of EUR 352 million. Dexia Crédit Local, acting through its Dublin branch, will transfer its shares in DKD after having obtained all relevant regulatory approvals. The transaction is expected to close during the second quarter of 2019.
Hengeler Mueller has advised Dexia on this transaction. The team was led by partner Johannes Adolff (Banking and Corporate/M&A) and included partners Dirk Bliesener (Banking Regulatory), Lucina Berger (Corporate), Stefan Krauss (Capital Markets), Christian Hoefs, Hendrik Bockenheimer (both Employment), Martin Klein (Tax), Alf Bische (Competition), as well as associates Jan Häller, Loretta Lang, Lea Sophie Grohmann (all Corporate/M&A), Jan Letto Steffen (Banking), Susanne Walzer (Employment) and Sebastian Heinrichs (Tax) (all Frankfurt).