Bremer Kreditbank AG (BKB) acquires Wustenrot Bank AG Pfandbriefbank from Wustenrot & Wurttembergische AG (W & W). The international law firm Clifford Chance has once again given BKB legal advice on the acquisition and drafting of an extensive sales cooperation agreement with W & W.
Thanks to the agreed comprehensive cooperation, financial products will in future be supplied reciprocally and the sales power of both banks will be further increased. The Wustenrot Bank, with around 110 jobs, has a balance sheet total of currently around 1.5 billion euros.

In June 2017, BKB acquired OLB, one of the largest regional banks in the country. The seller was Allianz Deutschland AG. At the same time, BKB had submitted a takeover bid to the shareholders of OLB. Here as well as in the subsequent capital increase, Clifford Chance had accompanied BKB.

The consulting team of Clifford Chance comprised the partners Dr. Ing. Thomas Krecek (Corporate Law / M & A) and Dr. Ing. Marc Benzler (Banking and Capital Markets), the Associates Moritz Petersen (Corporate / M & A) and Thomas Yassin Berrou and Senior Associate Christian Hissnauer (both Banking and Capital Markets, all Frankfurt), Partner Markus Muhs, Senior Associate Wenzel Richter and associate Konstantin Heilmann (all corporate law / private equity, Munich) and Partner Dr. med. Stefan Simon and Senior Associate Christopher Fischer (both Labor Law, Frankfurt) and Counsel Dr. Dominik Engl (tax law, Frankfurt).

Inhouse at BKB Steffen Fiedler accompanied the transaction legally.