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Announced

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

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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