M/13/007 – DZ Bank / UMH / WGZ Bank
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 AG||
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|
Tel: 01-804 5402, email: firstname.lastname@example.org
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