Announced
Synopsis
Aareal Bank, a company that offers structured real estate financing, property management, and information technology consulting services for the real estate industry, agreed to acquire the remaining stake in Aareal Bank from Atlantic, a non-controlled company indirectly held by funds which are respectively advised, for €200m. In accordance with the provisions of the Delisting Agreement, Atlantic BidCo GmbH will today publish its decision to make a public delisting offer against a cash consideration to the shareholders of Aareal to acquire all shares in Aareal not already directly held by the Bidder against payment of a cash consideration in the amount of €33.20 per Aareal share. This amount is, subject to the determination by the German Federal Financial Supervisory Authority and the final determination in the Offer Document, slightly above the minimum price estimated pursuant to sec. 39 of the German Stock Exchange Act (Börsengesetz).
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