in

21 July – LAWFUEL – The Law News Network – Linklaters has advised Fo…

21 July – LAWFUEL – The Law News Network – Linklaters has advised Fortress Investment Group LLC on the acquisition of NILEG Immobilien Holding from NORD/LB Norddeutsche Landesbank. Fortress was the successful bidder among almost 50 potential purchasers who took part in the auction process.

With the sale of NILEG Immobilien Holding, the shareholdings in NILEG Norddeutsche Immobiliengesellschaft mbH, Osnabrücker Wohnungsbaugesellschaft mbH (OWG), Wohnungsbau Niedersachsen GmbH (WBN) and Wohnungsgesellschaft Norden mbH (WGNoren) will transfer to the purchaser. Bremer Landesbank and VGH Versicherungen will also transfer their 10 per cent shares in NILEG Norddeutsche Immobiliengesellschaft to Fortress Investment Group. The transaction is subject to clearance from the competition authorities.

The Linklaters team, headed by Jochen Winter in Frankfurt, included Dr. Michael Bernhardt, Dr. Elke Grützdiek, Dr. Jens Gräfer, Michael Taupitz (M&A Corporate), Dr. Jens Blumenberg, Florian Lechner, Dr. Michael Ehret (tax), Michael Steinbrecher, Dr. Bettina Schmitt-Rady, Dr. Stefanie Minzenmay, Katja Weber, Volker Bischofs, Melanie Schneider (real estate), Stephan Müller, Bianca Theis (environmental law), Dr. Michael Tepass, Dr. Heike Dienstbach, Kati Windisch (employment), Marianne Waldenmaier, Markus Ebert, Thomas Bader (pensions), Dr. Eva Reudelhuber, Sabine Felix, Julian Zaich (acquisition financing), Dr. Wolfgang Deselaers (competition), Jean-Paul Spang and Manfred Müller (corporate, Luxembourg).

Linklaters also advised Fortress on its acquisition of the Gagfah real estate portfolio last year.

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.