LAWFUEL – Law News Network – International law firm Mayer, Brown, Rowe & Maw LLP has advised Allgemeine HypothekenBank Rheinboden AG (AHBR) on the sale of its European real estate financing business.
The loans portfolio has a total volume of €3.5 bil-lion. The buyer is Hypo Real Estate Bank International AG, a subsidiary of Hypo Real Estate Holding AG.
In total, through this sale, Hypo Real Estate is acquiring 140 commercial real estate financing positions in 13 European countries. The par-ties have agreed to keep the purchase price confidential.
Citigroup Global Markets Limited acted as intermediary for the transaction, which involved a competitive bidding process and is subject to approval by the German Federal Monopolies Commission. It is part of intensive restructuring at AHBR. In future, the bank will concentrate on commercial real estate financing in its core German market.
Also as part of the intensive restructuring at AHBR, Mayer, Brown, Rowe & Maw also recently acted as counsel to AHBR with regards to the sale of its US operations.
Advisors to AHBR/Citigroup:
Mayer, Brown, Rowe & Maw LLP
(Frankfurt): Dr. Joerg Wulfken, Dr. Simon Grieser (both Lead Advisors), Dirk-Peter Flor, Petra Fendt, Kai Liebrich, Kirsten Pirzkall, Nina Behring, Dr. Gilan Tober, Elena Len-hart, Jarste Akkermann (all Banking and Finance); Annette Knoth (Employment Law); Dr. Ariane Musil (Corporate); Thomas Koerber (License Law); Dr. Hans-Georg Kamann, Dr. Peter Gey (both Antitrust); Dr. Ingo Kleutgens, Heiko Penndorf (both Taxation) .
(London): Dominic Griffiths
(Paris): Jean-Pierre Lee
(New York): Monique Mulcare
Hausmaninger Kletter (Austria)
Liedekerke Wolters Waelbroeck Kirkpatrick (Belgium)
Accura Advokataktieselskab (Denmark)
Uría Menéndez (Portugal, Spain)
Soltysinski Kawecki & Szlezak (Poland)
Advocatfirman Vinge KB (Schweden)
Walder Wyss & Partner (Switzerland)
Loyens & Loeff N.V. (the Netherlands)
Advisor to Hypo Real Estate:
Freshfields Bruckhaus Deringer
(Duesseldorf): Matthias Grund
(London): Roger Dyer
Contact for further inquiries:
Dr. Joerg Wulfken
Mayer, Brown, Rowe & Maw LLP, Frankfurt
Tel.: +49 (0)69 – 79 41 1291