The German financial company Oldenburgische Landesbank AG (OLB) has merged with Targo Deutschland GmbH, a division of the French federal bank Crédit Mutuel Alliance. This strategic move aims to create the tenth largest bank in Germany by assets. OLB had previously abandoned plans for an IPO in favor of selling shares, a decision influenced by Apollo Global Management Inc., which acquired OLB in 2017 through Bremer Kreditbank. The new entity will combine OLB's and Targo's assets, positioning it as a significant player in the German banking sector.