Banque des Territoires agreed to acquire 28.57% stake in CAPVERIANT GmbH from Deutsche Pfandbriefbank AG (XTRA:PBB) on December 18, 2020. Deutsche Pfandbriefbank will keep a majority stake in CAPVERIANT. The completion of the transaction is subject to the usual approvals, in particular approval by the European antitrust authorities. As of March 29, 2021, EU commission approved the transaction. Stefan Bressler of White & Case acted as legal advisor to Deutsche Pfandbriefbank AG. Birgit Reese, Heiko Gemmel, Nico Neukam, Marcus Schreibauer, Sarah-Lena Kreutzmann, Richard Reimer, Kerstin Neighbour and Sarah Wrage of Hogan Lovells International LLP and Eric Paroche, Xavier Doumen, Paris Sébastien Gros, Etienne Drouard, Ludovic Geneston and Ludovic Babin of Hogan Lovells (Paris) LLP acted as legal advisor to Caisse des dépôts et consignations, parent entity of Banque des Territoires. Banque des Territoires completed the acquisition of 28.57% stake in CAPVERIANT GmbH from Deutsche Pfandbriefbank AG (XTRA:PBB) in April, 2021.