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Bremer Kreditbank completes purchase of Oldenburgische Landesbank

Bremer Kreditbank AG completed its acquisition of a roughly 90.2% additional stake in Oldenburgische Landesbank AG from Allianz Group unit Allianz Deutschland AG after the deal gained regulatory approval.

The deal brings Bremer Kreditbank's shareholding to about 95.3%. OLB will also be a part of BKB Banking Group, which includes Bankhaus Neelmeyer AG.