Investment companies Advent and Centerbridge completed the acquisition of Aareal Bank, a German credit institution specializing in structured property financing, for $2.2bn. “Aareal Bank Group has demonstrated that its strategy is viable even under very challenging conditions. We can achieve sustained profitable growth, even in a difficult environment. This is evident not least in our strong figures posted for 2022 and the first quarter of this year. We will continue to implement our strategy with the investors’ support, realising further potential across all segments of the Group over the next years, whilst maintaining our conservative risk policy," Jochen Klösges, Aareal Bank CEO.