Albis Leasing AG (DB:ALG) acquired ALBIS HiTec Leasing AG from Gallinat-Bank Ag, Asset Management Arm for 27.4 million.
March 12, 2014 at 12:00 am EDT
Albis Leasing AG (DB:ALG) acquired ALBIS HiTec Leasing AG from Gallinat-Bank Ag, Asset Management Arm for 27.4 million in cash on March 12, 2014. The transaction includes the acquisition of ALBIS HiTec Leasing's subsidiaries, Gallinat-Leasing GmbH and ALBIS Fullservice Leasing GmbH. In a related transaction, NIBC Bank N.V. signed an agreement to acquire Gallinat-Bank AG from Albis Leasing AG for 14.2 million. The transaction was approved by BaFin, German Federal Financial Supervisory Authority on April 11, 2014.
Albis Leasing AG (DB:ALG) completed the acquisition of ALBIS HiTec Leasing AG from Gallinat-Bank Ag, Asset Management Arm on March 12, 2014.