Oldenburgische Landesbank AG, the private equity-backed German lender, selected banks to advise on a potential initial public offering as dealmaking in the country’s finance industry intensifies, people with knowledge of the matter said.
OLB is working with Deutsche Bank AG, Goldman Sachs Group Inc. and UBS Group AG as it explores options including a listing, according to the people, who asked not to be identified because the information is private.
The primary goal of the OLB board and the bank’s owners is an IPO, subject to market conditions. A listing as soon as November or December is possible, though next spring is more likely, according to Barth. A valuation of “well over” 1 billion euros ($1.1 billion) is realistic, he said.
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