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Apollo has agreed to sell Oldenburgische Landesbank to Crédit Mutuel Alliance Fédérale via its subsidiary TARGO Deutschland. OLB is a universal bank with more than 150 years of experience in the core ...

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The merger of Oldenburg-based OLB and Targo will create the 10th largest bank in Germany in terms of assets, the bank said in the statement. No financial terms of the transaction were disclosed.