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Freshfields advises DVB Bank SE on sale of Land Transport Finance division
Freshfields Bruckhaus Deringer has advised DVB Bank SE (DVB), a subsidiary of DZ BANK AG, on the sale of DVB’s Land Transport Finance division to Landesbank Hessen-Thüringen (Helaba).The purchase agreement provides for the entire Land Transport Finance client lending portfolio (€1.4 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.
The Freshfields core team included partners Matthias-Gabriel Kremer, Alexander Glos (Corporate/M&A), Konrad Schott (Finance), Torsten Schreier (IP/IT) and Peter Niggemann (Antitrust).
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About Freshfields
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.
