Oldenburgische Landesbank’s Acquisition Of A Loan Portfolio

Clifford Chance has advised Oldenburgische Landesbank (OLB) on the acquisition of a loan portfolio of 2,655 loans from Erste Abwicklungsanstalt.

OLB and EAA concluded a purchase agreement for a portfolio of 2,655 real estate loans. The parties plan to complete the purchase agreement at the end of the third quarter of 2019.

The Clifford Chance team comprised Partner Thomas Krecek (Picture) and Senior Associate Margret Bootz-Hagen (both Corporate/M&A, Frankfurt), Partners Christof Häfner, Marc Benzler (both Banking & Finance, Frankfurt) and Oliver Hipperson, Senior Associate Ryan Wild (both Banking & Finance, London) as well as Partner Olaf Mertgen (Tax, Frankfurt).

Involved fees earner: Marc Benzler – Clifford Chance; Margret Bootz-Hagen – Clifford Chance; Christof Häfner – Clifford Chance; Oliver Hipperson – Clifford Chance; Thomas Krecek – Clifford Chance; Olaf Mertgen – Clifford Chance; Ryan Wild – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Oldenburgische Landesbank;