FNZ (UK) Ltd agreed to acquire European Bank for Financial Services GmbH from comdirect bank Aktiengesellschaft (XTRA:COM) for approximately €150 million on July 10, 2018. Current Managing Directors Rudolf Geyer and Lars Müller-Lambrecht will continue to lead the company from its headquarters in Aschheim, near Munich. The transaction is subject to approval of the banking supervisory and antitrust authorities. The transaction is expected to close in 2018. As of January 30, 2019, the sale is expected to be concluded in the first half of 2019. The sale is expected to result in a positive non-recurring income before tax for comdirect of at least €85 million. Volker Land, Robert Korndörfer, Jens H. Kunz, Florian-Felix Marquardt, Stephan Schulz, Helge Heinrich, Konrad Zdanowiecki, Sarah Götze, Kjell Jacobsen, Andreas Wöller and Karl-Alexander Neumann of Noerr LLP acted as legal advisor whereas Ute Gerbaulet of Bankhaus Lampe KG acted as financial advisor to comdirect bank Aktiengesellschaft. Martin Kock of Jones day acted as legal advisor to European Bank for Financial Services GmbH. Gavin Gordon, Volkmar Bruckner, Bernhard Guthy, Oded Schein, Stephen Lucas, Ben A. Myers, Sebastian Häfele, Christoph Jerger, Thomas Krawitz, Cristan Gerhold, Tom McCarthy, Harry Briffitt, Giles Clifford and Ashley Eisenberg of Kirkland & Ellis LLP, Daniel Radig of Lindemann Schwennicke & Partner, Rüdiger Hopfe of Schweibert Lebmann & Partner and Christian Breuer and Andreas Haberl of Preu Bohlig & Partner acted as legal advisors to FNZ UK Limited. Jack Marriott of Maples and Calder (London Branch) acted as legal advisor to FNZ. Michael Bond and Linzi Thomas of Latham & Watkins LLP acted as legal advisors to European Bank for Financial Services GmbH. FNZ (UK) Ltd completed the acquisition of European Bank for Financial Services GmbH from comdirect bank Aktiengesellschaft (XTRA:COM) for approximately €150 million on July 16, 2019. The sale has now been approved by the banking supervisory and anti-trust authorities.