21 04 2016

Portigon AG transfers all shares in its service subsidiary, Portigon Financial Services GmbH to Erste Abwicklungsanstalt

Hengeler Mueller is advising Portigon on this transaction


The IT service provider PFS manages the financial portfolio of EAA and currently employs some 550 people in Düsseldorf, New York and London. The transfer of PFS to EAA is a further step towards winding down the former WestLB in accordance with the conditions imposed by the EU Commission and will secure the portfolio reduction at EAA in the long term. To successfully fulfil its statutory mission to wind down the assets and liabilities of the former WestLB, EAA has availed itself of the services of PFS since its inception. The Hengeler Mueller team includes partners Frank Burmeister (Picture)(Corporate/M&A), Dirk Bliesener (Banking), Hendrik Bockenheimer (Employment), Jan Bonhage (State Aid, Berlin) und Martin Klein (Tax), Counsel Mathias Link (Tax) and Associates Martin Ulbrich and Claudia Nees (all Frankfurt). Involved fees earner: Frank Burmeister - Hengeler Mueller; Martin Ulbrich - Hengeler Mueller; Claudia Nees - Hengeler Mueller; Dirk Bliesener - Hengeler Mueller; Hendrik Bockenheimer - Hengeler Mueller; Jan Bonhage - Hengeler Mueller; Martin Klein - Hengeler Mueller; Mathias Link - Hengeler Mueller;

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