DVB Bank SE
DVB Bank SE and Landesbank Hessen-Thüringen sign purchase agreement for the Land Transport Finance division
DVB Bank SE / Key word(s): Disposal
Frankfurt/Main, 21 December 2018 – DVB Bank SE (DVB) and Landesbank Hessen-Thüringen (Helaba) today signed an agreement for the sale and transfer of DVB’s Land Transport Finance division to Helaba.
The purchase agreement provides for the entire Land Transport Finance client lending portfolio (EUR1.4 billion as at 30 June 2018) and employees to be transferred to Helaba. Closing of the agreement is subject to the approval of antitrust authorities, as well as other conditions customary in the market. The sale is expected to be closed during the first half of 2019. DVB’s Land Transport Finance division is a specialist for international financings of rail assets (freight cars, locomotives and passenger trains), and of rail-related vehicles such as container chassis. The division offers its clients financing solutions ranging from bridging loans to complex long-term facilities. Contact for this ad-hoc disclosure:
21-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | DVB Bank SE |
Platz der Republik 6 | |
60325 Frankfurt am Main | |
Germany | |
Phone: | 069-97504-329 |
Fax: | 069-97504-850 |
E-mail: | info@dvbbank.com |
Internet: | www.dvbbank.com |
ISIN: | XS1433231377 |
WKN: | A2BPTD |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |