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    Home > Finance > France's Credit Mutuel to buy German bank IPO candidate OLB
    Finance

    France's Credit Mutuel to buy German bank IPO candidate OLB

    Published by Global Banking & Finance Review®

    Posted on March 20, 2025

    2 min read

    Last updated: January 24, 2026

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    Quick Summary

    Credit Mutuel Alliance Federale acquires German lender OLB, surprising markets anticipating an IPO. This move creates Germany's 10th largest banking group.

    Credit Mutuel to Acquire German Bank OLB, Surprising Markets

    By Tom Sims

    FRANKFURT (Reuters) - French banking group Credit Mutuel Alliance Federale is buying German lender Oldenburgische Landesbank (OLB), a surprise move after the northern German bank for years flirted with listing on the stock exchange.

    The planned sale was announced by OLB and the French bank's German subsidiary, Targo Deutschland, on Thursday. Neither bank disclosed financial terms.

    Last month, the CEO of OLB, Stefan Barth, said the current market conditions to launch an initial public offering were the strongest in years, heightening expectations of a listing soon.

    OLB said in a statement announcing the deal that the combination with Targo would make it the 10th largest banking group in Germany by assets.

    "This acquisition is a further fundamental strategic step by Crédit Mutuel Alliance Fédérale in the implementation of its strategic plan," Targo said.

    OLB's shareholders include Apollo Global Management, the Teacher Retirement System of Texas and Grovepoint Investment Management.

    Only a handful of banks have gone public on Germany's main exchange in Frankfurt over the last 25 years, data from the exchange operator Deutsche Boerse shows.

    One of the last bank IPOs was the 2015 listing of the property lender Deutsche Pfandbriefbank.

    In a sign of a wobbly IPO market, German generic drugmaker Stada this week postponed a planned IPO in Frankfurt because of market volatility.

    (Reporting by Sabine Wollrab and Tom Sims; Editing by Ludwig Burger)

    Key Takeaways

    • •Credit Mutuel Alliance Federale is acquiring OLB.
    • •OLB was expected to go public soon.
    • •The acquisition creates the 10th largest banking group in Germany.
    • •OLB's shareholders include Apollo Global Management.
    • •The IPO market in Germany remains volatile.

    Frequently Asked Questions about France's Credit Mutuel to buy German bank IPO candidate OLB

    1What is the main topic?

    The article discusses Credit Mutuel's acquisition of German bank OLB, which was expected to go public.

    2Why is this acquisition significant?

    The acquisition surprises markets as OLB was expected to launch an IPO soon, impacting the banking sector.

    3Who are OLB's shareholders?

    OLB's shareholders include Apollo Global Management, the Teacher Retirement System of Texas, and Grovepoint Investment Management.

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