Brief: Aareal Bank Says Advent, Centerbridge Consider Renewed Takeover Offer

Aareal Bank AG

05/04/2022 01:17

April 4 (Reuters) - Aareal Bank AG  ARLG.DE :
    * DGAP-ADHOC: AAREAL BANK AG: ADVENT INTERNATIONAL AND
CENTERBRIDGE PARTNERS CONSIDER RENEWED TAKEOVER OFFER
    * AAREAL-ADVENT,CENTERBRIDGE INFORMED CO,ATLANTIC BIDCO
CONCLUDED
TALKS WITH SHAREHOLDERS HOLDING IN TOTAL ABOUT 37 PER CENT OF
VOTING RIGHTS IN CO
    * AAREAL BANK-BASED ON AGREEMENT ENTERED INTO WITH SAID
SHAREHOLDERS ATLANTIC BIDCO GMBH IS NOW CONSIDERING  NEW OFFER
TO SHAREHOLDERS OF AAREAL BANK
    * AAREAL BANK- FOLLOWING OFFER, SHAREHOLDERS ARE SET TO
PARTICIPATE PARTIALLY AND INDIRECTLY IN CO THROUGH BIDCO
EXCLUSIVELY VIA NON-VOTING RIGHTS
    * IN LINE WITH INFORMATION PROVIDED BY FINANCIAL INVESTORS,
AN
OFFER PRICE OF EUR 33 PER SHARE IS NOW BEING CONTEMPLATED
    * FURTHERMORE, FINANCIAL INVESTORS CONSIDER A MINIMUM
ACCEPTANCE
LEVEL OF A MAXIMUM OF 60 PER CENT FOR POTENTIAL TAKEOVER OFFER
    * STRATEGIC OBJECTIVES AND INTENTIONS ARE NOT SET TO CHANGE
MATERIALLY COMPARED TO TAKEOVER OFFER PUBLISHED IN DECEMBER 2021

Source text for Eikon:  ID:nEQ5JrwWra 
Further company coverage:  ARLG.DE 

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