M/24/038 – Deutsche Bank/Certain Assets of Norddeutsche Landesbank – Girozentrale –
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.
| Notification date | Decision date |
|---|---|
| Monday June 24, 2024 | Thursday, July 11, 2024 |
| Parties Involved | Business activities |
|---|---|
| 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. |
| Economic sector | Media merger |
|---|---|
| Aviation Finance | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, July 8, 2024 | |
| Current status: Completed |
|---|
| Simplified Merger Notification |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Ciarán Dorrian | ciarandorrian@ccpc.ie |
Media enquiries: communications@ccpc.ie
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