Aareal's top shareholders agree to raised buyout offer

Aareal Bank AG

05/04/2022 06:15

BERLIN, April 5 (Reuters) - A buyout group seeking to take
over Germany's Aareal Bank  ARLG.DE  in a $2.2 billion deal said
on Tuesday that it had secured commitments from shareholders to
tender around 37% of stock after it raised its offer price
again.
    Petrus Advisers, Teleios Capital, Vesa Equity Investment and
Talomon Capital have agreed to accept a tender offer of 33 euros
per share in cash or to sell shares to the bidder outside the
tender offer, U.S.-based Advent International and Centerbridge
Partners said in a statement.
    The offer, raised from 29 euros per share, values Aareal
Bank at 2 billion euros ($2.19 billion) for 100% of share
capital, they said.

($1 = 0.9122 euros)

 (Reporting by Maria Sheahan, editing by Emma Thomasson)
 ((maria.sheahan@thomsonreuters.com; +49 30 22013 3680;))