DGAP-News

Aareal Bank successfully concludes the sale of a minority stake in its subsidiary Aareon to Advent - Seite 2

"Aareon has been a key growth driver of our Group to date. Its strategic development will now become even more important to us", said Hermann J. Merkens, Chairman of Aareal Bank's Management Board. "Together with Advent, we will realise Aareon's full potential even faster over the coming years - through an acceleration of organic growth as well as by stepping up M&A activities, for which we perceive excellent opportunities in the current market environment in particular. This will benefit Aareon's clients as well as our shareholders. At the same time, the inflow of funds from the transaction will increase Aareal Bank's capital management flexibility and enhance its ability to pursue value-enhancing opportunities."

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Sven Korndörffer
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Christian Feldbrügge
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About Aareal Bank Group:
Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. It provides smart financings, software products, and digital solutions for the property sector and related industries, and is present across three continents: Europe, North America and Asia/Pacific. Aareal Bank AG, whose shares are included in Deutsche Börse's MDAX index, is the Group's parent entity. It manages the various entities organised in the Group's three business segments: Structured Property Financing, Consulting/Services Bank, and Aareon. The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. Here, the Bank supports its clients in making large-volume commercial property investments. The investment properties mostly comprise office buildings, hotels, shopping centres, logistics and residential property, as well as student apartments. In the Consulting/Services Bank segment, Aareal Bank Group supports businesses from the housing, property management and energy industries as a digitalisation partner - combining extensive advisory services and product solutions with traditional corporate banking services and deposit-taking. Aareon, a leading consultancy and IT systems house for the European property industry, and its partner in the digital age, forms the third business segment. Aareon offers reliable, pioneering solutions in the fields of consulting, software and services to optimise IT-supported business processes, and to extend business models. The Aareon Smart World digital platform links businesses from the housing industry and related sectors with customers, staff and business partners, as well as connecting technical devices in apartments and buildings.