Shareholders of WL Bank and DG HYP approve merger to form DZ HYP
28.05.2018
Commercial Register entries envisaged for the end of July 2018
DG HYP and WL BANK have achieved a major milestone in their merger project to create a joint real estate bank, DZ HYP: the Annual General Meetings of the two DZ BANK subsidiaries – on 25 May and 28 May 2018 respectively – resolved to approve the merger agreement signed on 20 March 2018.
This marks the final legal milestone prior to the entry in the Commercial Registers at the end of July 2018. At the same time, operating preparations for the structural, technical and cultural integration of the two banks, to form DZ HYP, are progressing on schedule at both locations. The merger is set to come into force with retroactive effect as at 1 January 2018.