DZ BANK/WGZ BANK/DZ PRIVATBANK
Transaction details
The Competition Authority has cleared the proposed acquisition by DZ BANK AG and WGZ BANK AG of joint control of DZ PRIVATBANK S.A.
Case details
- Notification date:3 May 2011
- Publication date:3 May 2011
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Financial services (non-insurance) - L.64
- Outcome:Cleared
Documents
M.11.013 Merger AnnouncementPDF | 45 KBM.11.013 Merger Announcement PDF | 45 KB - Opens in new window
M.11.013 DeterminationPDF | 67 KBM.11.013 Determination PDF | 67 KB - Opens in new window
Timetable
Parties Involved
DZ BANK AG
DZ BANK Ireland plc is a wholly owned subsidiary of DZ BANK. DZ BANK Ireland plc is focussed on high grade investments via floating rate notes, asset swaps, syndicated and bilateral loans to a range of parties.
WGZ BANK AG
WGZ BANK Ireland plc is a wholly owned subsidiary of WGZ BANK. WGZ BANK Ireland plc operates as a full commercial bank.
DZ PRIVATBANK S.A.
DZ PRIVATBANK is a subsidiary of DZ BANK, incorporated in Luxembourg. DZ PRIVATBANK is active in the private banking sector as well as the provision of funds services, foreign currency lending and treasury services, which are provided as complementary services to DZ PRIVATBANK's private banking services.
Contacts
