Ocean Holding acquires Düsseldorfer Hypothekenbank
Completing one of the largest bank acquisitions in Germany in years by total assets at approximately €12 billion, Lone Star has sold its controlling interest in Düsseldorfer Hypothkenbank to Ocean Holding, an Attestor fund. After acquiring the bank in 2010, Lone Star injected €500 million to strengthen its core capital position. The acquisition is still under review by regulatory authorities, but is expected to attain approvals. The sale of the bank follows Lone Star’s sale of Corealcredit last year to a German bank. Please click on the following link to read the Press Release (in German only)>> and here Press Release (in English)>>.
Posted in: Developments, Europe
Michael Macaluso, JD, MBA 
Posted on September 1, 2014
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