Announced
Financials
Tags
Germany
Consumer Lending
real estate financing
Acquisition
Pending
building savings
Majority
Private
Domestic
Merger
Friendly
Single Bidder
Synopsis
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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