Volksbank eG Braunschweig Wolfsburg acquired unknown remaining stake in AVW Immobilien AG from Albrecht family on October 26, 2020. Frank Albrecht, sold his shares and those of his family as part of a forward-looking corporate succession. Volksbank eG Braunschweig Wolfsburg has been minority investor in AVW Immobilien AG since 2018. Lazard & Co. GmbH acted as financial advisor for Albrecht family. Volksbank eG Braunschweig Wolfsburg completed the acquisition of unknown remaining stake in AVW Immobilien AG from Albrecht family on October 26, 2020.