Global law firm Clifford Chance has advised ODDO BHF Group (“ODDO BHF”) on an agreement for the acquisition of its International Banking and Corporate Banking activities (ICB) in Germany by BRED Banque Populaire (“BRED Group”). This will establish BRED Group’s banking presence in Germany and advance its growth strategy in Europe.
Following completion of the transaction, ODDO BHF’s clients will continue to benefit from the services of the transferred business units, while ODDO BHF will focus on growing its Private Wealth Management, Asset Management and Investment Banking business lines.
Completion of the transaction is expected in the first half of 2027 and is subject to the required regulatory approvals from the ECB, BaFin and the ACPR.
The Clifford Chance team was led by partner Thomas Krecek (Corporate, Frankfurt) and also included associates Julien Schickling, Friederike Anna Fisch and Lukas Tuschhoff (all Corporate, Frankfurt), partner Marc Benzler, counsel Dominik Schöneberger and associate Sarah Buschmann (all Financial Regulation, Frankfurt), partner Christopher Fischer as well as associates Anna-Celine Brill (both Frankfurt) and Mara Gnanko (Düsseldorf, all Employment), partner Dominik Engl, counsel Claus-Peter Knöller and Michael Bohnhardt as well as associate Christina Wanner (all Tax, Frankfurt), partner Holger Lutz (Tech Digital, Frankfurt), senior associate Simon Wattenberg (Antitrust, Düsseldorf) as well as legal project manager Marlene Böker (Frankfurt).
In-house at ODDO BHF, Pierre-Emmanuel Charrette and Jochen Hörbelt led the transaction.
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