Hogan Lovells advises Volkswagen Financial Services on the sale of significant parts of its global financial services business
Led by Dusseldorf partner Jens Uhlendorf, global law firm Hogan Lovells advised Volkswagen Financial Services AG (VWFS) on the sale of significant parts of its global financial services business relating to the MAN and Volkswagen Truck & Bus brands to TRATON Group and the conclusion of a related framework agreement between VWFS, Volkswagen Bank GmbH, TRATON SE and TRATON Financial Services AB.
Dr. Julian Fischer and his team also had a key role in the transaction, advising on regulatory and financing contract issues.
The framework agreement covers the sale and transfer of rights to provide financial solutions for MAN and Volkswagen Truck & Bus customers. The integration of the business will take place gradually, country by country, with the aim of completing the transition to TRATON Financial Services AB by Q2 2025.
Hogan Lovells advised VWFS with a cross-office team on the structuring of the transaction as well as the drafting and negotiation of the framework agreement and various ancillary agreements.
Hogan Lovells team for Volkswagen Financial Services
Jens Uhlendorf (Partner), Dr. Sabine Ernst (Counsel), Isabel Gläser, Merlin Laufenburg (Associates) (all Corporate/ M&A);
Dr. Tim Joppich (Partner, Employment);
Dr. Heiko Gemmel (Partner), Vanessa Rinus (Associate) (both Tax and Accounting);
Dr. Marcus Schreibauer (Partner), Sarah-Lena Kreutzmann (Counsel) (all Intellectual Property);
Sabine Reimann (Partnerin), Sarah Plassmann (Associate) (both Real Estate);
Dr. Julian Fischer (Partner), André Melchert (Counsel), Lennart Lautenschlager (Counsel), Marius Fischer (Associate) (all Capital Markets);
Bernd Klemm (Partner), Dr. Thomas Frank (Senior Associate) (both Pensions).
Volkswagen Financial Services AG
Mustafa Shahswar, lawyer (In-house lawyer), Legal Counsel (Corporate/ M&A);
Dr. Christian Fahrenholz, lawyer (In-house lawyer), Head of Corporate Law and General Secretariat;
Nikola Dassouli, lawyer (In-house lawyer), Employment.