Areal Bank – buyout under review – economy

HomeEconomy7. October 2021, 6:58 p.m.

Areal Bank: a buyout is under consideration

A consortium with the support of Advent International and Centerbridge Partners is examining a possible takeover of Aareal Bank AG, according to people familiar with the matter. The buyout companies are considering a possible buyout to remove Aareal Bank from the stock market, said insiders, who declined to be named because the information was confidential. Aareal Bank shares have so far risen 21% this year, which translates to a market value of around 1.4 billion euros. The deliberations continued and there was no certainty that they would result in a transaction, he said. An Aareal Bank representative declined to comment. Spokesmen for Advent and Centerbridge declined to comment immediately.

© SZ from October 8, 2021 / Bloomberg

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