Oldenburgische Landesbank to acquire Degussa Bank for $221m.

Oldenburgische Landesbank, a financial institution, agreed to acquire Degussa Bank, a bank in Frankfurt, for $221m. “The planned acquisition of Degussa Bank is another milestone on our profitable growth path. The Degussa Bank is highly complementary to our business model. By combining our strengths and expertise, we will be able to significantly expand our business across Germany and enhance our product portfolio. The planned acquisition will benefit customers, employees, and all other stakeholders," Stefan Barth, OLB CEO.