Bidders for Aareal bank extend offer deadline

Aareal Bank AG

18/01/2022 14:59

FRANKFURT, Jan 18 (Reuters) - Bidders for Germany's Aareal
Bank  ARLG.DE  on Tuesday said they had extended the period for
investors to take up their offer by two weeks and lowered their
targeted acceptance rate.
    Faced with opposition from some big shareholders, the buyout
group that includes U.S.-based Advent International and
Centerbridge Partners is now seeking a 60% acceptance rate, down
from 70%. 
    
    

 (Reporting by Tom Sims and Alexander Huebner, editing by Emma
Thomasson)
 ((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))