DGAP-Adhoc: Aareal Bank AG: Aareal Bank launches process to sell a minority stake in Aareon

2020. május 19., kedd, 19:37





DGAP-Ad-hoc: Aareal Bank AG / Key word(s): Miscellaneous


Aareal Bank AG: Aareal Bank launches process to sell a minority stake in Aareon


19-May-2020 / 19:37 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Aareal Bank launches process to sell a minority stake in Aareon



The Management Board of Aareal Bank AG resolved today to enter into discussions with a select group of long-term financial investors - within the framework of a structured process - on the sale of a significant minority stake in subsidiary Aareon AG. The goal of this process is to join forces with a partner, in order to further strengthen Aareon"s growth prospects and to further expedite its growth programme - in an environment that is currently favourable for tech enterprises such as Aareon. Aareal Bank intends to remain Aareon"s majority shareholder.



The process should be carried out quickly and without prejudice to the outcome, whilst exercising due diligence in its application. The Management Board and Supervisory Board will decide on a possible partnership specifically on the basis of the knowledge gained in the process. From today"s point of view, besides the commercial aspects of a potential transaction, key criteria will especially include support for Aareon"s growth strategy, particularly in terms of stepping up M&A activities, and the potential partner"s specific transaction and sector expertise.






Contact:

Jürgen Junginger, Head of Investor Relations








19-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Aareal Bank AG

Paulinenstr. 15

65189 Wiesbaden

Germany
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1051249





 
End of Announcement DGAP News Service




1051249  19-May-2020 CET/CEST







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