PwC Legal advises Evangelische Bank on sub-participation in a loan portfolio of ca. € 224 million

Düsseldorf, April 06, 2017

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive advice to Evangelische Bank eG (Evangelische Bank), a church-based credit cooperative with registered office in Kassel, on a majority sub-participation in a loan portfolio in Austria. PwC Legal supported Evangelische Bank, in particular, in the legal due diligence, the assessment of state guarantees under EU state aid law and the structuring and drafting of the sub-participation agreement. The total loan portfolio amounts to ca. € 224 million as of December 30, 2016.

Evangelische Bank was created retroactively as of January 1, 2014 as a result of the merger of Evangelische Kreditgenossenschaft (EKK) and Evangelische Darlehnsgenossenschaft (EDG) in summer 2014. It is the largest church-based credit cooperative in Germany with total assets amounting to € 7.10 billion.

Advisors to Evangelische Bank

PwC Legal Germany:

Denis Bacina, Dr. Dirk Stiller (both in a leading capacity, both Corporate/M&A); Moritz Gröning, Joy Otto Neugebauer (both Banking & Finance); Dr. Georg Queisner, Dr. Friedrich Hausmann (both EU State Aid Law); Dr. Ralf Braunagel, Christian Schubert (both Tax)

PwC Legal Austria (oehner rechtsanwalt gmbh):

Dr. Lukas Roeper, LL.M., Mag. Jakob Weinrich LL.M., (both Banking & Finance), Dr. Christian Öhner LL.M., Dr. Matthias Trummer, MMag. Judith Reichetseder, LL.B. (all Corporate/M&A); Dr. Axel Thoß (Civil Law)

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