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Deutsche Bank/Certain Assets of Norddeutsche Landesbank – Girozentrale

M/24/038

Completed

Transaction details

The proposed acquisition by Deutsche Bank AG, of a loan portfolio in aviation finance from Norddeutsche Landesbank – Girozentrale – and NORD/LB Luxembourg S.A. Covered Bond Bank, has been cleared by the Competition and Consumer Protection Commission.
Case details
  • Notification date:23 June 2024
  • Publication date:23 June 2024
  • Economic sector:Financial and insurance services - L
  • Economic sub-sector:Financial services (non-insurance) - L.64
  • Simplified merger:Yes
  • Outcome:Cleared
Documents
M.24.038 Merger AnnouncementPDF | 140 KB
M.24.038 DeterminationPDF | 199 KB
Timetable

Phase One

  • Monday, 24 June, 2024 Notification received
  • Monday, 8 July, 2024 Third party submission deadline
  • Thursday, 11 July, 2024 Determination issued
Parties Involved

Deutsche Bank AG

Deutsche Bank AG is the group parent company of Deutsche Bank group. Deutsche Bank AG provides banking services to private customers, small and medium businesses, corporate clients, public bodies, and institutional investors.

 

Norddeutsche Landesbank - Girozentrale

Norddeutsche Landesbank - Girozentrale- , is a bank that operates as the state bank for the German states of Lower Saxony and Saxony-Anhalt and assumes the tasks of a central savings bank in the German states of Lower Saxony, Saxony-Anhalt, and Mecklenburg-Western Pomerania. The bank also operates as a commercial bank, providing financial services to corporate and institutional customers in addition to public sector customers.

 

NORD/LB Luxembourg S.A. Covered Bond Bank

NORD/LB Luxembourg S.A. Covered Bond Bank is a wholly owned subsidiary of Norddeutsche Landesbank - Girozentrale-.

 

Certain Assets of Norddeutsche Landesbank - Girozentrale

The Certain Assets of Norddeutsche Landesbank - Girozentrale - are a portfolio of loans in the aviation finance sector.

Contacts
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