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Julius Bär €68 million acquisition of Commerzbank Luxembourg

1/7/2016
Private acquisition
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€ 68 million

$ 72.288 million

Completed

1/7/2016

Overview:

  • Julius Bär has acquired Commerzbank Luxembourg for €68 million.
  • The target is Commerzbank's Luxembourg private banking business and has around €3 billion under management.
  • The deal gives Julius Bär around SFr5 billion in assets under management in Luxembourg.
  • The deal is part of Commerzbank's attempts to consolidate around its German operations.

Sam Duke - Editor

Jurisdiction:

Luxembourg

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Banking

Firms:
A&O Shearman

Party: Commerzbank AG (Seller)

Lawyers: André Marc, Jacques Graas

Linklaters

Party: Julius Bär (Acquirer)

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