Noerr advises Deutsche Bank on funding Hornbach delisting offer
Under the leadership of Andreas Naujoks and Torsten Wehrhahn, our firm has advised Deutsche Bank AG on funding for HORNBACH Holding AG & Co. KGaA in connection with the public delisting offer for the shares of HORNBACH Baumarkt AG.
This involves a €400m loan.
HORNBACH Holding AG & Co. KGaA currently holds 24,285,062 shares (approximately 76.4% of the share capital) in HORNBACH Baumarkt AG. The Hornbach Baumarkt Group operates 163 large DIY and gardening stores and online shops in nine European countries, with some 22,000 employees and turnover in excess of €5bn.
Advisors to Deutsche Bank AG: Noerr Partnerschaftsgesellschaft mbB
Andreas Naujoks, Dr Torsten Wehrhahn, Patrick Geist (Banking & Finance, Frankfurt)