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Credit Mutuel acquires Oldenburgische Landesbank in strategic expansion move

French banking group Credit Mutuel Alliance Federale is acquiring German lender Oldenburgische Landesbank (OLB) for nearly 2 billion euros, a move that comes as OLB had been considering an IPO. This acquisition, the largest for Credit Mutuel since 2008, will create the 10th largest banking group in Germany by assets, enhancing Credit Mutuel's presence in Europe's largest economy. OLB's shareholders include Apollo Global Management and the Teacher Retirement System of Texas.
US News & World Report
Euro Oldenburgische Landesbank AG DEU FRA USA David Evans Stefan Bartholomaeus Ludwig Burger Show more
Business & Industry, News Article
07:06 20.03.2025
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