# Commission Decision (EU) 2015/657 of 5 February 2013 on State aid granted by Germany and Austria to Bayerische Landesbank (Case SA.28487 (C 16/09, ex N 254/09)) (notified under document C(2013) 507) (Only the German text is authentic) (Text with EEA relevance), Division 11: [Sales of holdings] BayernLB will sell the holdings listed below and in Annex III on the best terms obtainable and in their entirety by the dates specified (date of signing), or has already sold the holding on the date shown.

Extent: E+W+S+N.I.

Situation at 31 December 2011.
In preparation for its sale of Banque LB Lux SA, BayernLB has acquired Helaba's 25% stake in Banque LB Lux SA, and has sold its holding in LB(Swiss) Privatbank AG to Helaba, which already holds the other 50% in LB(Swiss) Privatbank AG. The sales agreement to this effect was signed on 23 October 2009; the transaction closed on 21 December 2009.
Closed on 27 March 2012.
Not consolidated.
The purchaser of this holding may be obliged to observe and maintain the social guidelines applicable in the GBW group and additional social requirements laid down in comparable transactions.
As required by the European Commission, the shares in GBW AG will be sold under a tender procedure based on competition principles. The German Federal Government takes note of the fact that an acquisition by the Land of Bavaria under a tender procedure could lead to an investigation of further State aid.
Book value in December 2011.
On 22 June 2010 BayernLB sold a 25,2% share of SaarLB's share capital to the Land of Saarland, with the result that SaarLB no longer constitutes a BayernLB affiliate under Section 271(2) of the Commercial Code. […].
Including shares held via KGAL Verwaltungs-GmbH.
Not a holding in the technical sense.
Name
Place
Shareholding (%)
Balance sheet/RWA
Target date
Banque LB Lux SA
Luxembourg
100
6 441,3/[…]
[…]
DKB Immobilien AG
Berlin
100
2012
KGE Kommunalgrund
Munich
100
[…]
Stadtwerke Cottbus GmbH
Cottbus
74,9
[…]
[…]
[…]
[…]
[…]
GBW AG
Munich
91,93
[…]
Landesbank Saar
Saarbrücken
75
[…]
2010
LB(Swiss) Privatbank AG
Zürich
50
2009
MKB Bank Zrt (group)
Budapest
89,89
9 360,9/[…]
[…]
DekaBank
Frankfurt am Main
3,09
2011
Deutsche Lufthansa AG
Cologne
1,98
2013
KGAL GmbH & Co. KG
Grünwald
30
[…]
LBS Bayern
Munich
100
[…]/[…]
2012

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Source: https://www.legislation.gov.uk/eudn/2015/657/annex/I/division/C/division/11 (the official version)
Page: https://openlegislation.uk/eu-decision-2015-657/annex-I/division-C/division-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.