M&A Deal Summary

Bremer Kreditbank Ag Acquires Oldenburgische Landesbank AG

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2017-06-23
Target Oldenburgische Landesbank AG
Sector Financial Services
Buyer(s) Bremer Kreditbank Ag
Sellers(s) Allianz
Deal Type Divestiture
Deal Value 300M EUR

Target

Oldenburgische Landesbank AG

Lower Saxony, Germany
Oldenburgische Landesbank AG is the largest privately owned regional bank in Germany - as measured by total assets, number of employees and branch network. Company business area with more than 170 branches extends between the Weser, Ems and the North Sea.

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Buyer(S) 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 STATS #
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

Seller(S) 1

SELLER

Allianz

Munich, Germany
Category Company
Founded 1890
Sector Insurance
Employees157,883
Revenue 103.0B EUR (2023)
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 STATS #
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.

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