Divestiture • Financial Services

Bremer Kreditbank Ag Acquires Oldenburgische Landesbank

On June 23, 2017, Bremer Kreditbank Ag acquired financial services company Oldenburgische Landesbank from Allianz for 300M EUR

Acquisition Context
  • This is Bremer Kreditbank Ag’s 1st transaction in the Financial Services sector.
  • This is Bremer Kreditbank Ag’s 0th largest (disclosed) transaction.
  • This is Bremer Kreditbank Ag’s 1st transaction in Germany.
Investment Fate
  • Oldenburgische Landesbank was divested to a consortium of strategic buyers in 2025.

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M&A Deal Summary

Date June 23, 2017
Target Oldenburgische Landesbank
Sector Financial Services
Buyer(s) Bremer Kreditbank Ag
Sellers(s) Allianz
Deal Type Divestiture
Deal Value 300M EUR

Target Company

Oldenburgische Landesbank

Lower Saxony, Germany
Oldenburgische Landesbank is a diversified universal bank with a nationwide presence and more than 150 years of experience in the core region of north-west Germany. Under the OLB and Bankhaus Neelmeyer brands, the Bank advises its approximately 1 million customers in the Private & Business Customers and Corporate & Diversified Lending segments in person and via digital channels. Oldenburgische Landesbank is based in Lower Saxony, Germany.
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Buyer Overview 1

Buyer

Bremer Kreditbank Ag

Bremen, Germany

Category Company
Founded 1863
Sector Financial Services
Employees195
DESCRIPTION

Bremer Kreditbank Ag is a Bremen-based banking group with a combined balance sheet total of EUR 4 billion and a focus on corporate banking, commercial real estate lending and acquisition finance. In addition, BKB Group provides comprehensive wealth management advice to affluent clients and entrepreneurs via its subsidiary Bankhaus Neelmeyer, including asset management services.


Deal Context for Buyer #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Divestiture 1 of 1
Country: Germany 1 of 1
Year: 2017 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-20 Oldenburgische Landesbank

Lower Saxony, Germany

Oldenburgische Landesbank is a diversified universal bank with a nationwide presence and more than 150 years of experience in the core region of north-west Germany. Under the OLB and Bankhaus Neelmeyer brands, the Bank advises its approximately 1 million customers in the Private & Business Customers and Corporate & Diversified Lending segments in person and via digital channels. Oldenburgische Landesbank is based in Lower Saxony, Germany.

Sell -

Seller Profile 1

SELLER

Allianz

Munich, Germany

Category Company
Founded 1890
Sector Insurance
Employees156,626
Revenue 136.9B EUR (2024)
DESCRIPTION

Allianz is a provider of insurance and fund products to over 86 million customers in more than 70 countries. Company retail and corporate clients enjoy an extensive product selection in all insurance business lines, designed to protect them against any risks. Company are one of the leading property and casualty insurers and are among the top five companies in life and health insurance. Allianz was founded in 1890 and is based in Munich, Germany.


Deal Context for Seller #
Overall 6 of 6
Sector: Financial Services 3 of 3
Type: Divestiture 6 of 6
Country: Germany 3 of 3
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 Gas Connect Austria

Vienna, Austria

Gas Connect Austria GmbH operates an approximately 900 km long natural gas high-pressure pipeline grid in Austria and markets transportation capacity to meet domestic natural gas demand and support export to Europe.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-02 Euler Hermes Group SA

Paris, France

Euler Hermes Group SA is a provider of trade-related credit insurance​ solutions with more than 100 years of client support and responsiveness to changing business environments. The company offers business-to-business (B2B) clients financial services to support cash and trade receivables management. Its proprietary intelligence network tracks and analyzes daily changes in corporate solvency among small, medium and multinational companies active in markets representing 92% of global GDP. Headquartered in Paris, the company is present in 52 countries with 6,050 employees. Euler Hermes was formed in 1917 and is based in Paris.

Buy -