Hengeler Mueller advises Deutsche Bank on squeeze-out of Postbank
21. December 2015
On 21 December 2015, the resolution by the extraordinary General Meeting of Deutsche Postbank AG (“Postbank”) of 28 August 2015 was registered in the commercial register of Postbank in Bonn. Thereby, the remaining 3.2% minority shareholdings in Postbank have been transferred to Deutsche Bank. The cash compensation has been set at EUR 35.05 per share in accordance with the requirements of the German Stock Corporation Act. Upon registration, Postbank has become a wholly owned subsidiary of Deutsche Bank.
Hengeler Mueller advised Deutsche Bank on this transaction. The Hengeler Mueller team was led by partner Daniela Favoccia (Corporate/M&A) and included partner Ernst-Thomas Kraft (Tax) (both Frankfurt), counsels Petra R. Mennicke (Corporate, Düsseldorf) and Mathias Link (Tax, Frankfurt) as well as associates Stefanie Bischof, Thomas Lang, Radmila Petrovic (all Corporate) and Alexander Kredig (Tax) (all Frankfurt).