Aareal Bank announced today that it has reached an agreement to acquire all the shares in Düsseldorfer Hypothekenbank AG for c. €162m from the Association of German Banks. The residual lending volume of Düsseldorfer Hypothekenbank amounted to €533m as at 30 June 2018. Aareal Bank will not pursue any further strategic objectives with the acquisition and wants to commence an orderly run-down. Closing of the transaction is subject to regulatory approvals and is currently expe
11 Sep 2018
FY2018 earnings upgrade after another “lucky buy”
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FY2018 earnings upgrade after another “lucky buy”
Aareal Bank AG (ARL:WBO) | 0 0 0.2% | Mkt Cap: 2,364m
- Published:
11 Sep 2018 -
Author:
Dieter Hein -
Pages:
2
Aareal Bank announced today that it has reached an agreement to acquire all the shares in Düsseldorfer Hypothekenbank AG for c. €162m from the Association of German Banks. The residual lending volume of Düsseldorfer Hypothekenbank amounted to €533m as at 30 June 2018. Aareal Bank will not pursue any further strategic objectives with the acquisition and wants to commence an orderly run-down. Closing of the transaction is subject to regulatory approvals and is currently expe