Frankfurt am Main, 14 August 2008 (LAWFUEL) – The international law firm Clifford Chance advises Carsten Maschmeyer, CEO of the AWD Group, and his family on the acquisition of shares in MLP Finanzdienstleistungen AG and on the sale of their AWD holding to Swiss Life.
Carsten Maschmeyer, founder and director of AWD Holding AG, and Swiss Life AG have entered into an arrangement, whereby the family of Carsten Maschmeyer agrees to sell its remaining holding in AWD of 10.46% to Swiss Life. Swiss Life will then have a 96.7% holding in AWD. Carsten Maschmeyer will also sell his shares (10,93%) and the additionally secured ones (15,82%) in MLP (in a total of 26,75%) to Swiss Life, the majority shareholder of AWD. The purchase of this holding in MLP is subject to the approval of the relevant authorities. Carsten Maschmeyer will also assume a holding in Swiss Life to become its largest private shareholder.
The Clifford Chance team was led by partner Daniela Weber-Rey and included partner Dr. Frank Scholderer (both Corporate, Frankfurt), Dr. Marc Benzler (Banking & Capital Markets, Frankfurt), Berndt Hess (Antitrust, Frankfurt), Bernt Gach (Employment, Frankfurt), counsel Dr. Elisabeth Wagner and associates Corinna Baltzer, Jörg Rhiel, Dr. Christoph Geiger, Ulrich Sauereisen and transaction lawyers Ana Paula Tavares and Julia Kolbe (all Corporate, Frankfurt), as well as partner Dr. Joachim Schütze and associate Nadia Esken (Antitrust, Düsseldorf).
