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)
About PwC Legal:
PricewaterhouseCoopers Legal Aktiengesellschaft Rechtsanwalts-gesellschaft (law firm “PwC Legal”) is represented by more than 200 lawyers at 18 locations in Germany, providing comprehensive legal advice in cooperation with the Auditing, Assurance, Tax as well as Deals and Consulting (Advisory) business lines of PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprüfungsgesellschaft. Our approach to work is characterized by sound technical expertise and practice-oriented financial understanding.
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The common purpose of PwC is to build trust in society and solve important problems. With a network of firms in 157 countries, more than 223,000 people are committed to providing high-value sector-specific services in the fields of Auditing, Tax- and Business Consulting. The brand name, PwC, refers to the PwC network and/ or to one or several of its member firms, each of which is a separate legal entity. Further details under www.pwc.com/structure.