Global law firm White & Case LLP has advised DZ BANK on its €1.5 billion capital increase.
All 186.9 million new shares have been placed with shareholders at a subscription price of €7.90 per share and, as a result of the capital increase, DZ BANK's Tier 1 ratio has increased to more than 10 percent. It is the largest capital increase in the bank’s history and, due to high demand, the issue was oversubscribed.
The White & Case Team in Frankfurt was led by partner Dr. Benedikt Gillessen and included partners James Black and Dennis Heuer and local partner Daniel Baierlein. They were supported by, among others, partner Dr. Henning Berger and local partner Dr. Katrin Rübsamen (both Berlin) and associates Carsten Lösing (Hamburg) and Vanessa Seibel (Frankfurt).
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