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Bankhaus Lampe Considers Bid For Deutsche Bank Subsidiary
Bankhaus Lampe, the German private bank, may bid for BHF-Bank AG, the private-banking unit being sold by Deutsche Bank AG, reports Bloomberg.
Bankhaus Lampe is said to be taking “a closer look” at BHF-Bank, a spokesperson for the firm told the publication. The firm may bid with Kohlberg Kravis Roberts & Co, according to the Financial Times Deutschland.
Bankhaus Lampe did not respond to enquiries before WealthBriefing went to press.
Bankhaus Lampe, based in Bielefield, has about €14 billion (around $20 billion) in assets under management. Deutsche Bank acquired BHF-Bank, which has €43 billion assets under management, when it purchased the asset and wealth manager Sal Oppenheim. BHF-Bank offers private banking, asset management and investment banking.
Other bidders reportedly include Liechtenstein's LGT Group and Apollo Management, according to media reports.