HCI Capital AG (DB:HXCK) agreed to acquire 94.9% stake in WestFonds Immobilien-Anlagegesellschaft mbH from Erste Abwicklungsanstalt on July 8, 2016. WestFonds Immobilien-Anlagegesellschaft mbH will be renamed as Ernst Russ AG. The deal is subject to approval of antitrust authorities. The transaction is expected to close in August, 2016. The transaction was supported by Assetando Real Estate. PWC was commissioned to handle the sales process. Jochen Böning of Ahlers & Vogel acted as legal advisor for HCI Capital AG. Thomas Nießen of Linklaters acted as legal advisor for Erste Abwicklungsanstalt. Arnd Weisner of honert + partner acted as legal advisor for WestFonds Immobilien-Anlagegesellschaft mbH. HCI Capital AG (DB:HXCK) completed the acquisition of 94.9% stake in WestFonds Immobilien-Anlagegesellschaft mbH from Erste Abwicklungsanstalt in July 2016.