Hengeler Mueller advises State Street on cross-border merger of State Street Bank Luxembourg with and into State Street Bank International
08. November 2019
In the context of the further streamlining of its structure in Europe, State Street Group has completed a cross-border merger of State Street Bank Luxembourg S.C.A., Luxembourg, with and into State Street Bank International GmbH, Munich. The project is part of State Street's European Legal Entity Management initiative. The overall objective is to reduce the number of legal entities which will enable a more efficient use and generation of capital, allow for greater flexibility to provide services across the European Union and drive infrastructure and governance efficiencies.
Hengeler Mueller advised State Street Group on the transaction. The team included partners Peter Weyland (Corporate), Christian Schmies (Banking Regulatory) and Christian Hoefs (Employment), counsel Jan Letto Steffen (Banking Regulatory) as well as associates Anja Höfelmeier, Arvid Morawe (both Corporate) and Katharina Gebhardt (Employment) (all Frankfurt). Arendt & Medernach advised on Luxembourg law. From the legal department of State Street Dr. Alexandra Dreibus (Frankfurt) and Ritu Shirgaokar (London) were active.
In the past, Hengeler Mueller had already advised State Street on the cross-border merger of State Street Banque S.A., Paris (2019), State Street Holdings Italy S.r.l. and State Street Bank S.p.A., Milan (2015) as well as State Street Services (Poland) Limited Sp. z o.o., Krakau (2013) with and into State Street Bank International GmbH.