DEPFA ACS BANK DAC Announces Scheme of Arrangement
Retrieved on:
Thursday, May 27, 2021
It is intended to offer the Holders the net present value of outstanding principal and interest plus a premium.
Key Points:
- It is intended to offer the Holders the net present value of outstanding principal and interest plus a premium.
- DEPFA ACS is wholly owned by DEPFA BANK plc which in turn is wholly owned by FMS Wertmanagement AR ("FMS-WM"), the German state-owned wind down agency.
- In February 2021 FMS-WM announced that it was selling the entire share capital of DEPFA BANK plc to Bank fr Arbeit und Wirtschaft und sterreichische Postsparkasse Aktiengesellschaft ("BAWAG P.S.K.").
- also announced that it intended to continue with the wind-down of both DEPFA BANK plc and DEPFA ACS.