Merkur Bank KGaA (XTRA:MBK) signed a framework agreement to acquire banking business from Bank Schilling & Co Aktiengesellschaft on August 13, 2019. Andreas Maurer becomes the new member of the management board. All business units will be continued in the future and all existing employees will be taken over. The transaction will be financed through capital increase, the capital of the liable shareholders will be increased by around EUR 4.5 million. The transaction is expected to be completed by fourth quarter of 2019. Lars-Gerrit Lüßmann, Michael Sinhart, Volker Baas, Claus Goedecke, Ulrich Reers, Svenja-Ariane Maucher, Martin Bartlik, Bert Kimpel, Stephan Manuel Nagel, Sebastian Beyer, Lea Maria Siering and Jan Grawe of Taylor Wessing acted as a legal advisers to Bank Schilling & Co Aktiengesellschaft and Ego Humrich WYEN acted as a legal adviser to Merkur Bank KGaA (XTRA:MBK). Karsten Paetzmann, Bernd Hoffmann, York Schwertschlag, Alexander Steffen, Ingo Gottwald, Konstantin Michelsen, Nico Meinzenbach and Michael Mette of BDO acted as the legal advisor for Merkur Bank. Merkur Bank KGaA (XTRA:MBK) completed the acquisition of banking business from Bank Schilling & Co Aktiengesellschaft on October 10, 2019.