Deutsche Bank Aktiengesellschaft (XTRA:DBK) agreed to acquire portfolio of aircraft financing business from Norddeutsche Landesbank Girozentrale on June 17, 2024.As part of the implementation, it is planned that employees working in the area of aircraft financing will be given the opportunity to move to equivalent positions within NORD/LB. The sales process included an extensive, multi-stage bidding process with numerous interested parties from Germany and abroad, which Deutsche Bank was ultimately able to win. The transaction is subject to subject to antitrust regulations. The sale is expected to be finalized in the second half of 2024.

Richard Evans, Paget Dare Bryan, Chinwe Odimba-Chapman, Dominik Engl, Thomas Krecek, Stefan Simon, and Marc Besen of Clifford Chance acted as legal advisor to Deutsche Bank. Julian Fischer, André Melchert, Lennart Lautenschlager, Kerstin Neighbour, Heiko Gemmel, Anne-Svenja de Kiff, Martin Sura, James Doyle, Neil Kurzon, and Kaveeta Sandhu of Hogan Lovells acted as legal advisor to Norddeutsche Landesbank Girozentrale.