FRANKFURT (Reuters) – Targo Deutschland, the German subsidiary of France’s Crédit Mutuel Alliance Fédérale, will buy the German lender Oldenburgische Landesbank (OLB), the two companies said on Thursday.
OLB, which for years had been touted an a candidate for a listing on the stock exchange, didn’t disclose a purchase price, and OLB wasn’t immediately available for comment.
Targo also did not disclose financial terms.
(Reporting by Sabine Wollrab and Tom Sims; Editing by Ludwig Burger)
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