A dispute has escalated between German investment house Deutsche Finance and the Bavarian pension fund BVK. Deutsche Finance alleges that BVK made statements that harmed its business and intends to file a lawsuit in the United States. BVK denies the accusations. The conflict centers on millions of euros in losses from a real‑estate investment.
Societe Generale agreed to buy the half‑ownership held by billionaire Patrick Drahi in OXG, a German fiber‑optic infrastructure joint venture with Vodafone, as Drahi continues to divest telecom assets.
Union Invest Real Estate, a real‑estate fund manager headquartered in Hamburg, announced a strategic overhaul. The firm will now prioritize income from rents instead of relying on property re‑valuation gains, and the reorganisation will lead to job cuts.
The DAX failed to build on its record high from Friday, as investors stayed cautious amid new conflicts in the Middle East and persistently high inflation in Germany. Siemens Energy suffered the largest decline among the index components.
NRW.Bank chief Gabriela Pantring emphasized the need for the development bank to stay free from foreign ownership, noted that its portfolio has retained all companies so far, and warned that insufficient large‑scale financing for European growth companies could damage innovation and the region’s competitiveness.
According to a media report, German insurer Allianz is weighing a potential acquisition worth billions of euros of the UK roadside assistance company AA. The owners of AA are also exploring alternative options to a sale.
The German tax authority announced that starting in 2026 crypto exchanges will have to follow stricter transparency rules, including the collection of taxpayers’ identification numbers. Non‑compliance, such as not providing a tax number, can lead to a penalty of up to €50,000.
The German tax authority announced that starting in 2026, cryptocurrency exchanges will have to follow stricter transparency requirements, including the collection of taxpayers’ identification numbers. Non‑compliance will be penalised with fines up to €50,000, while some anonymous transactions may still be possible under the new rules.
Former executives of Raiffeisenbank Plankstetten sued BaFin, claiming the regulator had unlawfully hindered a supervisory examination. The Frankfurt Administrative Court rejected the claims, upholding BaFin’s actions and ending the legal dispute.
Former executives of Raiffeisenbank Plankstetten sued BaFin, claiming the regulator unlawfully hindered an audit. The Frankfurt Administrative Court rejected the claims, upholding BaFin’s supervisory powers.