Euro Yatırım Menkul Değerler AŞ has acquired Gries & Heissel Bankiers AG
Euro Yatırım Menkul Değerler A.Ş. (Euro Group), a Turkish-based financial investment group, has acquired a majority shareholding in the German-based private bank Gries & Heissel Bankiers AG. With this transaction Euro Group successfully pursued its growth strategy in Europe. Financial details have not been disclosed.
Euro Group is a leading financial group with operations in banking, insurance and portfolio management funds / investment funds. The group consists of nine companies, three of which are listed on the Istanbul Stock Exchange.
Former Gries & Heissel Bankiers AG, now Eurocity Bank AG, is a well established regional private bank with a strong focus on private wealth management.
Oaklins' team in Germany initiated the transaction and advised Euro Yatırım Menkul Değerler A.Ş. on the acquisition of Gries & Heissel Bankiers AG in all negotiations and in all matters relating to the owner control procedure with BaFin and the respective authorities.
Talk to the deal team
Related deals
Banco Voiter and Banco Letsbank have been acquired by Banco Master
Banco Voiter and Banco Letsbank have been sold to Banco Master.
Learn moreBank of Georgia Group PLC has acquired Ameriabank CJSC
Bank of Georgia Group plc (BOGG) has acquired Ameriabank CJSC, a leading universal bank in Armenia, significantly enhancing BOGG’s presence and growth opportunities within a fast-growing and attractive market.
Learn moreInfotreasury has been sold to Matera
Matera, a leading banking software company with world-class instant payments and core banking solutions, has acquired Infotreasury.
Learn more