Archive 2007
DEPFA BANK plc agrees to acquire US municipal capital markets business of First Albany Capital Inc.
Ad hoc statement according to Irish Market Abuse Regulations
New York/Dublin/Frankfurt, 6 March 2007.
DEPFA BANK plc announced today it has signed an agreement under which DEPFA will acquire the US municipal capital markets business of First Albany Capital Inc. DEPFA intends to operate this business through a licensed US broker-dealer, subject to NASD approval. The acquisition will significantly strengthen DEPFA´s US franchise through the addition of municipal fixed income underwriting, sales, trading and financial advisory services. This US municipal capital markets business represents a significant broker-dealer operation comprised of nine offices across the United States. The transaction will take the form of an asset purchase with goodwill of approximately USD 12 million. In addition, DEPFA intends to purchase First Albany´s municipal bond inventory which is expected to range in value from USD 150 million to USD 200 million. As part of the transaction, DEPFA will also assume the rights to the “First Albany” name. DEPFA will enhance its client penetration in the US market, which is the largest public sector market worldwide, by growing its municipal finance franchise and expanding its geographic coverage. The closing of the transaction is subject to DEPFA obtaining a US broker-dealer license, regulatory approvals and other customary conditions. The transaction is expected to close in the third quarter 2007 pending such approvals.
Contact:
Marc Towner
Henrik Hannemann
24.05.2007
Press Release
DEPFA BANK plc appoints Michael O´Hara to spearhead Asset Management Initiative
23.07.2007
Press Release
DEPFA BANK reports cumulative half year result of € 249 m - Q2 result of € 126 m -
02.05.2007
Press Release
DEPFA BANK with solid start in 2007: net profit of € 123 m in Q1
12.04.2007
Press Release
DEPFA BANK plc appoints Eric Schuh as Head of Investor Relations
17.09.2007
Press Release
DEPFA BANK has completed its acquisition of the US Municipal Capital Markets Group of former First Albany Capital, Inc.
12.02.2007
Press Release
DEPFA BANK reports 2006 net profit of € 526 m (+11%)
- Continuous investments for further revenue growth in 2007 and beyond -
20.12.2007
Press Release
DEPFA closes third EPIC CLO
23.07.2007
Press Release
Recommended Merger of Hypo Real Estate Holding AG and DEPFA BANK plc
12.02.2007
Ad hoc statement according to Irish Market Abuse Regulations
DEPFA BANK reports 2006 net profit of € 526 m (+11%)
06.03.2007
Ad hoc statement according to Irish Market Abuse Regulations
DEPFA BANK plc agrees to acquire US municipal capital markets business of First Albany Capital Inc.
24.09.2007
Ad hoc statement according to Irish Market Abuse Regulations
Results of Court Meeting and DEPFA EGM
02.10.2007
Ad hoc statement according to Irish Market Abuse Regulations
High Court of Ireland sanction of Scheme
23.07.2007
Ad hoc statement according to Irish Market Abuse Regulations
Recommended Merger of Hypo Real Estate Holding AG and DEPFA BANK plc by means of a Scheme of Arrangement under the Irish Companies Act
26.04.2007
Press Release
DEPFA BANK plc appoints Cyril Dunne as Chief Operating Officer and Member of the Executive Committee
02.05.2007
Ad hoc statement according to Irish Market Abuse Regulations
DEPFA BANK with a solid start in 2007
01.10.2007
Ad hoc statement according to Irish Market Abuse Regulations
Change of Expected Timetable of Events
23.07.2007
Ad hoc statement according to Irish Market Abuse Regulations
DEPFA BANK with net profit of € 126 m in Q2
06.03.2007
Press Release
DEPFA BANK plc agrees to acquire US municipal capital markets business of First Albany Capital Inc.
