• Aareal Bank sells a 30% stake in IT subsidiary Aareon to Advent International for €260-310m, which values total Aareon at €860m to €1.03bn compared to a total market cap of Aareal Bank of €1.1bn • No special dividend expected as the capital gain of €180m will be recognised directly in consolidated equity and not affect net income • Aareon’s business seems more attractive for shareholders than old-fashioned banking business
14 Aug 2020
Strategy suggestion: sell banking business and keep the Aareon business
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Strategy suggestion: sell banking business and keep the Aareon business
Aareal Bank AG (ARL:WBO) | 0 0 0.2% | Mkt Cap: 2,364m
- Published:
14 Aug 2020 -
Author:
Dieter Hein -
Pages:
3
• Aareal Bank sells a 30% stake in IT subsidiary Aareon to Advent International for €260-310m, which values total Aareon at €860m to €1.03bn compared to a total market cap of Aareal Bank of €1.1bn • No special dividend expected as the capital gain of €180m will be recognised directly in consolidated equity and not affect net income • Aareon’s business seems more attractive for shareholders than old-fashioned banking business