Management Boards of DG HYP and WL Bank sign merger agreement
21.03.2018
Launch of DZ HYP scheduled for the end of July 2018
DG HYP and WL BANK, two real estate banks from the German cooperative banking sector, are expediting their planned merger. The two banks had already expressed their intention to merge in June 2017, when they signed a Memorandum of Understanding. On 20 March 2018, the Management Boards of DG HYP and WL BANK signed the merger agreement, thus achieving another key milestone on the path to the creation of DZ HYP.
Work on the structural, technical and cultural integration is progressing on schedule. The General Meetings of DG HYP and WL Bank will resolve on the merger when they each take place at the end of May 2018. The merger is planned to become legally effective upon the entry into the Commercial Register, by the end of July 2018.