Cleary and Gorg lead €1.8bn banking deal

Cleary Gottlieb Steen & Hamilton and German independent Gorg have bagged lead roles on Deutsche Postbank’s acquisition of BHW Holding, as the run of consolidation in Europe’s financial services continues.

The deal sees Deutsche Post-bank, Germany’s largest retail bank, buy a controlling stake in the financial services group BHW with the acquisition of a 76% stake for €1.8bn (£1.2bn) from German investment firm BGAG.

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