BAWAG P.S.K. (WBAG:BG), Centaurus Capital Limited, GoldenTree Asset Management, LP, Cerberus Capital Management, L.P. and J.C. Flowers & Co. LLC entered into contract to acquire 94.9% stake in HSH Nordbank AG from federal state owners and Schleswig-Holstein and Sparkassen- und Giroverband für Schleswig-Holstein for €1 billion on February 28, 2018. Upon completion, HSH Nordbank will get a new name and probably also a new location. The agreement remains subject to various approval procedures. This includes the ownership control procedures of the banking supervision, as well as approvals from the European Commission, the European Central Bank and the state parliaments in Schleswig-Holstein. In April 2018, the Schleswig-Holstein Landtag in Kiel unanimously approved the deal. Hamburgische Bürgerschaft (Hamburg Parliament) approved sale of HSH Nordbank on June 13, 2018. The approval of the European Commission and financial supervisory authority is still pending. As of November 5, 2018, the Federal Association of German Banks approved the inclusion of HSH Nordbank in its deposit guarantee fund. As of November 26, 2018, the European Commission has approved the transaction. Subject to all outstanding checks, the closing of the transaction is expected to occur in the second or third quarter of 2018. As of November 5, 2018, the transaction is expected to be completed in late November 2018. Hartmut Krause, Nicolaus Ascherfeld, Max Landshut, Andre P.H. Wandt, Alexander Wüpper, Gregor Petric, Tatiana Marzoli, Frederic Wünsche, Moritz Meister, Stefan Witte, Fabian Schulze, Kai Schadtle, Jan Schröder, Jürgen Schindler, Heike Weber, John Coburn, Franz Bernhard Herding, Wolfgang Melzer, Norbert Wiederholt, Walter Uebelhoer, Stefan Henkelmann, Jens Matthes, Markulf Behrendt, Hans-Peter Löw, Udo Herbert Olgemöller, Ilja Baudisch, Frank Herring, Oliver Waldburg, Fatih Coskun, Christopher Jahnke, Lorenz Riehl, Christoph Börskens, Riccardo Marinello, Andreas Ziegler, Sebastian Schulz, Karen Zöttl, Daniela Schmitt, Rauni Ahammer, Louisa Drewniok, Anna Serwotka, Jörg Weber, Antonia wolf, Anna Opel, Lisa Müller, Anja Glück, Catharina Glugla, Wolfgang H. Wittek, Angelika Pikulska, Neil Rogers, Joseph Kamyar, Catherine Jones, Henri Wagner, George Knighton and Simon Toms of Allen & Overy LLP and Law Offices of Bruce Freitag acted as the legal advisors and Freitag & Co. GmbH acted as financial advisor to Cerberus Capital Management, L.P. Volker Land, Stephan Schulz, Jens H. Kunz, Robert Korndörfer, Felix Muhl, Barbara Kusak, Thomas Schulz, Jessica Hallermayer, Helge Heinrich, Tillmann Hecht, Joachim Schrey, Matthias Geurts, Torsten Fett, Kai-Michael Hingst, Andreas Butz, David Zafra Carallo, Sarah Götze, Michaela Sokolowski, Stephan Vielmeier, Benjamin Jahn, Sarah Blazek, Andreas Bange, Sebastian Diehl, Johannes Feddersen, Johannes Pfeiffer, Vanessa Wüsthoff, Anca David, Karl-Alexander Neumann, Stephan Reiss, Klaudyna Lichnowska and Bianca Sterly of Noerr LLP acted as legal advisors to J.C. Flowers & Co. LLC. Ernst Berger, Dennis Beemsterboer, Lionel Uijttenhove, Bart Rijksen of NIBC Bank Deutschland AG acted as financial advisor to J.C. Flowers & Co. LLC. Thomas Flatten, Dennis Heuer, Holger Wolf, Florian Degenhardt, David Cox, Christopher Czarnocki, Andreas Kleinschmidt, Frank-Karl Heuchemer, Beate Treibmann, Matthias Bochum, Carsten Lösing, Carlos Daroca, Philipp Kronenbitter, Sandra D’Ascenzo, Anne-Sophie von Koester, Lisa Kirchner, Max Sergelius, Hannah Beale, Greg Baker, James Tanner, Nathaniel Crowley of White & Case LLP , Maren Brandes, Kavita Shah and Frank Dunne of Watson, Farley & Williams (New York) LLP, Stuart Freedman, Robert Loper, Lawrence Natke and Alan S. Waldenberg of Schulte Roth & Zabel LLP acted as legal advisors to Cerberus Capital Management, L.P. Gordan Caplan, Georg Linde, Patrick Meiisel, Bettina Bokeloh, Susanne Zühlke, Wolfgang Münchow, Erik Göretzlehner, Manuel Köchel, Ilie Manole and Philipp Heuser of Willkie Farr & Gallagher LLP acted as the legal advisors to GoldenTree Asset Management, LP. Tim O. Brandi, Philipp Weber and Julian Fischer of Hogan Lovells acted as legal advisors to BAWAG Group AG. Wolfgang Feuring, Carsten Berrar, Mitchell S. Eitel, Martin Gross-Langenhoff, Sebastian Plassmann, Louis H. Argentieri, Peter S. Klormann and David P. Hariton of Sullivan & Cromwell acted as legal advisors to Centaurus Capital Limited. Jan Endler, Andreas Steck, Mario Pofahl, Andreas Dehio, Oliver Rosenberg, Barbara Lauer, Kirsten Placke, Kristina Zych, Jördis Harbeck, Johanna Pflug, Rico Kaßmann, Simon Staude, Jan Wünschmann, Hannah Rubin and Lukas Klipper of Linklaters advised the local authority. Patrick Cichy, Alexander Glos, Marius Berenbrok, Andreas von Bonin, Alexander Schwahn, Christoph Gleske, Boris Dzida, Juliane Diekgräf, Arne Krawinkel, Friedrich Schlimbach, Nicholas Lütgerath, Nina Holzmann, Jan Biermann, Mirko Masek, Ulrich Heuschkel, Elena Wasserbäch, Heiko Jander-McAlister, Philipp Dohnke, Aylin Guenay, Merit Olthoff, Andy Laatsch, Jan Hobus, Benedikt Jasper, Robin Helmke, Birgit Schulz, Thorben Klopp, Patrick Cichy, Alexander Glos, Torsten Schreier, Maximilian Lang, Andreas von Bonin, Alexander Schwahn, Alexander Ruschkowski, Felix Scheder-Bieschin, Friedrich von der Heydt, Heiko Jander-McAlister, Christoph Herig, Nina Holzmann, Jan Biermann, Nicholas Lütgerath, Alexander Klausmann, Maximilian Stöwahse, Philipp Tieben, Simon Funk, Philipp Dohnke, Daniel Arends, Ralf Hoffmann, Aylin Guenay, Merit Olthoff, Andy Laatsch, Jan Hobus, Benedikt Jasper, Patrick Cichy, Andreas von Bonin, Alexander Schwahn, Arne Krawinkel, Jan Biermann, Aylin Guenay, Merit Olthoff, Andy Laatsch, Jan Hobus, Michael Josenhans, Patrick Schroeder, Michael Rohls, Elmar Schnitker, Frauke Thole, Carsten Bork, Anne-Kathrin Hoppe, Luisa-Katherin Remberg, Xinyi Qiu, Jacob Fontaine, Robert Müller, Tobias Dreßler, Friederike Sibbe, Kathrin Bröker, Alexander Schuhmann, Eva-Maria Lohse, Ferdinand Cadmus, Vanessa Lawrenz, Tobias Franz, Christian Schmidt, Julia Elser, Patrick Wendler and Benedikt Jasper of Freshfields Bruckhaus Deringer (Hamburg) acted as legal advisors to HSH Nordbank AG. Fred Wendt and Thorsten Gayk of Gleiss Lutz acted as legal advisors to the supervisory board of HSH Nordbank AG. Lorenz Jellinghaus, Henning Abraham and Andreas Bartosch of Lutz Abel advised HSH employee’s representation. Stephan Busch, Bernd Geier, René Grafunder, Dirk-Reiner Voß, Arne Klüwer, Mortimer Berlet, Hermann Meller, Matthias Nordmann, Andreas Ziegenhagen and Katja Michel of Dentons GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft acted as legal advisors to Sparkassen- und Giroverband. Hans-Jürgen Lütt, Gregor Klenk of Latham & Watkins advised Apollo. Ralf Morshäuser, Jan Balssen, Maximilian von Rom of Gleiss Lutz advised co-investor Apollo. Christoph Schmitt and Oliver Schwarz of Beiten Burkhardt advised Socrates. Morgan Stanley acted as financial advisor to Cerberus Capital Management, L.P. Ernst & Young acted as financial advisor to HSH Nordbank AG. UBS acted as financial advisor to HSH Nordbank. Marc Benzler, Markus Stephanblome, Marc Besen, Thomas Voland, Stefan Bruder, Kerstin Schaepersmann, Dimitri Slobodenjuk, Annette Röhder, Margret Bootz-Hagen, Nadine Fell and Zaid Mansour of Clifford Chance acted as legal advisors for the Federal Association of German Banks. Dirk Bliesener, Johannes Adolff, Lucina Berger, Christian Hoefs, Christian Häußer, Jan Letto Steffen, Caspar Schmelzer, Caspar Jacob Haarmann and Maximilian Alter of Hengeler Mueller acted as legal advisor for Cerberus Capital. Citigroup Global Markets Inc. acted as the financial advisor to Sparkassen- und Giroverband für Schleswig-Holstein.