Commerzbank successfully completes the disposal of its Swiss private banking unit Dresdner Bank (Schweiz) AG to LGT Group
2009 / December
On December 1, 2009 Commerzbank has successfully completed the sale of Dresdner Bank (Schweiz) AG to the Liechtenstein-based LGT Group for an undisclosed purchase price. Dresdner Bank (Switzerland) AG is to be fully integrated into LGT Bank (Switzerland) AG in February 2010.
Lenz & Staehelin advised Commerzbank as its Swiss counsel in this transaction. The team was led by Beat Kühni and included Benjamin Fehr and Dominik Kaczmarczyk.