Munich, 30 September 2011 – The LGT Group of Liechtenstein will sell their German banking business to private bank Delbrueck Bethmann Maffei, which belongs to the Dutch group ABN AMRO. The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the LGT Group with regard to corporate, tax and antitrust aspects of the transaction. The sale, which is expected to be completed by the end of the year, is subject to the approval by the competent supervisory and antitrust authorities. The parties agreed not to disclose the financial terms of the transaction.
The LGT Group was advised on the transaction by partners Peter Nussbaum (lead, corporate/M&A, Munich), Peter Memminger (corporate/M&A, Frankfurt), Rolf Fueger (tax law, Munich) and Alexander Rinne (antitrust law, Munich) and associates Axel Wahl, Ludger Schult, Florian Lessniak (all corporate/M&A, Munich), Markus Messinger (corporate/M&A, Frankfurt), Matthias Schell (tax law, Munich) and Andreas Boos (antitrust law, Munich).