Aareal Bank surges after bidders increase offer to $2.1 billion

Aareal Bank AG

26/01/2022 07:17

** Aareal Bank  ARLG.DE  shares rise 7.7% in early Frankfurt
trade after bidders increased their offer to acquire the German
lender
    ** Buyout group Atlantic Bidco, which includes U.S.-based
Advent International and Centerbridge Partners, said the new
bid, increased to 31 euros per share from 29 euros, and which
values the bank at 1.86 billion euros ($2.10 billion), was a
final offer
    ** In November, shares rose 2.1% after Advent and
Centerbridge announced plans to launch a voluntary takeover
offer for Aareal  urn:newsml:reuters.com:*:nL8N2SE1BO
    ** Aareal Bank tops Germany's small cap index  .SDAXI 

 (Reporting by Tristan Chabba)
 ((Tristan.chabba@thomsonreuters.com))