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New Deal


Announced

LBS West and LBS Nord to merge to form LBS Landesbausparkasse NordWest.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

Consumer Lending

real estate financing

Acquisition

Pending

building savings

Majority

Private

Domestic

Merger

Friendly

Single Bidder

Synopsis

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Real estate services providers LBS West and LBS Nord, agreed to merge to form LBS Landesbausparkasse NordWest, a real estate financing services provider. Financial terms were not disclosed. “We want to be an innovation driver in the LBS Group and a driving force in the Sparkasse Finance Group in the competence field of 'housing and real estate," Jörg Münning, LBS Landesbausparkasse NordWest.

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