M/13/007 – DZ Bank / UMH / WGZ Bank

Transaction details

The proposed establishment of a joint venture by DZ Bank AG, Union Asset Management Holding AG and WGZ Bank AG has been cleared by the Competition Authority.

Notification date Decision date
Thursday March 14, 2013 Tuesday, April 9, 2013
Parties Involved Business activities
DZ Bank AG

DZ Bank is a central and commercial bank incorporated in Frankfurt am Main, Germany.

Union Asset Management Holding AG

UMH, based in Frankfurt am Main, Germany, was founded in 1956, and provides asset management services to private and institutional clients.


WGZ Bank is a member of the Association of Cooperative Banks / Cooperative Financial Services Network (FinanzGruppe Volksbanken und Raiffeisenbanken) and is the regional central bank for approximately 200 local cooperative banks / credit unions in the North Rhine, Westphalia and Rhineland Pfalz regions of Germany.

Economic sector Media merger
Business consultancy services to retail cooperative banks in Germany. No
Submissions from third parties due by:
Phase 1 Phase 2
Monday, April 1, 2013
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Joseph Walser

Tel: 01-804 5402, email: jw@tca.ie

Media enquiries: MKC Communications: 01 7038600

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