Hengeler Mueller advises Commerzbank on the acquisition of an equity stake in comdirect from Petrus Advisers

06. January 2020

Commerzbank AG will acquire an equity stake in comdirect bank Aktiengesellschaft ("comdirect") from institutional investor Petrus Advisers Ltd. through its subsidiary Commerzbank Inlandsbanken Holding GmbH. The purchase price has not been disclosed. Once the transaction has been completed, Commerzbank will hold more than 90 percent of the shares of comdirect, reaching the required investment threshold for the merger of comdirect into Commerzbank by means of a squeeze-out under merger law.

Hengeler Mueller advises Commerzbank AG on the acquisition. The team includes partners Oliver Rieckers and Hartwin Bungert, counsel Matthias Cloppenburg as well as associate Eric Becker (all Corporate/Capital Markets, Düsseldorf).