LBBW is acquiring the commercial real estate lender Berlin Hyp, a subsidiary of Landesbank Berlin Holding, which is wholly owned by the German savings banks. It was agreed not to disclose the financial details. The transaction is subject to antitrust approval and still has to be approved by the competent savings banks’ bodies. It is planned to close the transaction this summer.
Hengeler Mueller advises Landesbank Berlin Holding on the transaction. The Hengeler Mueller team is led by John Flüh and Kai-Steffen Scholz (both M&A/Corporate, Berlin) and includes partners Dirk Bliesener (Financial Regulatory, Frankfurt), Hans-Joerg Niemeyer (State Aid, Brussels), Alf-Henrik Bischke (Antitrust, Düsseldorf) and Christian Schmies (Financial Regulatory, Frankfurt), counsel Marvin Vesper-Gräske (M&A, Berlin), Matthias Berberich (IP/IT, Berlin) and Jan Letto Steffen (Financial Regulatory, Frankfurt) as well as associates Alexander Berkle, Gülşah Civelek (both M&A, Berlin) and Joachim Hannes Burger (State Aid, Brussels).