The Limited Times

Now you can see non-English news...

Landesbank Baden-Württemberg takes over Berlin Hyp

2022-01-26T13:46:17.203Z

Landesbank Baden-Württemberg takes over Berlin Hyp Created: 2022-01-26Updated: 2022-01-26 2:33 PM The Landesbank Baden-Württemberg (LBBW) real estate financier Berlin Hyp © Nina Hansch/dpa/archive image The Landesbank Baden-Württemberg (LBBW) takes over the real estate financier Berlin Hyp. The contract was signed on Wednesday, a purchase price was not communicated, reported the LBBW in Stuttga



Landesbank Baden-Württemberg takes over Berlin Hyp

Created: 2022-01-26Updated: 2022-01-26 2:33 PM

The Landesbank Baden-Württemberg (LBBW) real estate financier Berlin Hyp © Nina Hansch/dpa/archive image

The Landesbank Baden-Württemberg (LBBW) takes over the real estate financier Berlin Hyp. The contract was signed on Wednesday, a purchase price was not communicated, reported the LBBW in Stuttgart.

Stuttgart/Berlin - The transaction still has to be approved by antitrust law.

In addition, the committees of the savings bank organization would have to give the green light, the bank said.

The takeover should then be finally completed in the summer.

Berlin Hyp is owned by Landesbank Berlin Holding AG.

LBBW is the largest state bank in Germany.

With the entry, LBBW is strengthening one of its core business areas, said CEO Rainer Neske.

The CEO of Berlin Hyp, Sascha Klaus, said that his bank had prepared for the future with digitization projects and a sustainability strategy.

"We will bring these strengths to LBBW in the future," the Landesbank quoted him as saying.

more on the subject

Letters from Mercedes draw customer ire

Gas provider no longer delivers: stop transfer

Before new regulations come into force: more women on executive boards

Within the LBBW Group, Berlin Hyp is managed as an independent subsidiary under its established brand.

Nothing changes for customers and employees of LBBW and Berlin Hyp, as the Landesbank from the southwest announced.

dpa

Source: merkur

All news articles on 2022-01-26

You may like

News/Politics 2022-04-10T07:34:03.121Z

Trends 24h

Latest

© Communities 2019 - Privacy