GLS Gemeinschaftsbank eG agreed to acquire 15.6% stake in UmweltBank AG (XTRA:UBK) from UmweltVermoegen Beteiligungs AG on April 24, 2018. The transaction is subject to approval of BaFin. The transaction is expected to be completed on July 2, 2018. As of June 28, 2018, the shareholders of UmweltBank AG have rejected the transaction. The shareholders of Umweltbank AG prevented GLS Gemeinschaftsbank from joining the Supervisory Board for the time being. Jörg Wulfken, Tobias von Tucher, Lars Figura, Danielle Schmidt, Joy Neugebauer, Simon Waldbröl, Charlotte Schaber and Peter Holzhäuser of PricewaterhouseCoopers Legal acted as the legal advisor to Umweltvermögen Beteiligung. Frank Kosner and Karin von Quistorp of Pricewaterhousecoopers AG acted as the accountant to UmweltVermoegen Beteiligungs.