DEPFA Bank plc
Information on DEPFA Bank plc
When examining the possibility of acquiring the DEPFA Group, FMS-WM had already identified value levers that would result in a more favourable outlook for the wind-up of the DEPFA Group. These consisted of:
- cutting costs
- systematically leveraging the funding advantages
- buying back the liabilities issued by the DEPFA Group
By the end of 2020, FMS-WM was able to use all of the value levers identified for winding up the DEPFA Group acquired in 2014 in a way that maximises value.
The result achieved confirmed that the wind-up of the DEPFA Group by FMS-WM was the favourable option compared with the privatisation that was not carried out in 2014.
FMS-WM and Austria’s BAWAG Group closed the sale of Ireland’s DEPFA BANK plc on 19 November 2021. The purchase agreement was signed by both parties back in February 2021.
FMS Wertmanagement AöR
Tel: +49 (0) 89 / 9547627 - 0