Hengeler Mueller advises Deutsche Bank on takeover of norisbank
10. August 2006
Deutsche Bank AG has signed an agreement to acquire norisbank, a part of DZ Bank Group. Deutsche Bank will purchase the business conducted under the "norisbank" brand consisting of 334.000 clients, a loan book of 1.4 bn euros, deposits of 1.6 bn euros as well as 98 branches in 58 cities. The preliminary consideration amounts to 420 m euros.
Within the legal department of Deutsche Bank AG, the transaction was handled by Peter Clouth and Volker Butzke together with Jan Reinecke, Christian Hertel, Christian Merz and Judith Wittig.
Hengeler Mueller advised Deutsche Bank AG. Advice was provided by the partners Burkhardt Meister, Daniela Favoccia, Michael Baumgartl (M&A) as well as Hans-Joachim Liebers (Labour and Employment) and Horst Satzky (Competition) together with the associates Jan Hendric Heinemann, Julian Eberhardt, Sandro Blanke and Lars Ferenc Freytag.