Berenberg Bank increases stake in Universal-Investment to 50%
Hamburg – Berenberg Bank has raised its stake in the Frankfurt-based investment company Universal-Investment from 36.7% to 50%.
Together with Bankhaus Lampe, Germany’s oldest private bank has acquired an equal share of the 27% interest in Universal-Investment previously held by LBBW Landesbank Baden-Württemberg. This means that Berenberg Bank and Bankhaus Lampe now each hold interests of 50% while LBBW has ceased to be a shareholder. The two private banks have held stakes in Universal-Investment for decades and have gradually increased their holdings over the past few years, most recently in April 2012. The parties have agreed not to disclose the amount of the purchase price.
Universal-Investment is the biggest independent investment company in the German-speaking area, employing around 430 staff to administer more than 1,000 investment mandates and €143 billion in assets under management.
You can find a PDF copy of this press release here.
Director Corporate CommunicationKarsten Wehmeier
Phone +49 40 350 60-481 email@example.com