BAWAG Group AG (WBAG:BG) signed a definitive agreement to acquire DEPFA BANK plc from FMS Wertmanagement AöR on February 15, 2021. In the acquisition, BAWAG Group AG (WBAG:BG) acquiring DEPFA BANK plc and its subsidiary DEPFA ACS Bank Designated Activity Company. The transaction is subjected to customary closing conditions and regulatory approvals.

The transaction is expected to close in the second half of the year. Johannes Adolff, Dirk Bliesener, Alf-Henrik Bischke, Markus Ernst, Christian Hoefs, Hans-Jörg Niemeyer and Jan Letto Steffen of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB acted as a legal adviser to FMS Wertmanagement. Barclays acted as a financial adviser to FMS Wertmanagement.