Brief: Atlantic Bidco Announces Intention To Launch New Public Takeover Offer For Aareal Bank

Aareal Bank AG

07/04/2022 18:06

April 7 (Reuters) - Aareal Bank AG  ARLG.DE :
    * DGAP-NEWS: ATLANTIC BIDCO GMBH: ATLANTIC BIDCO ANNOUNCES
INTENTION TO LAUNCH NEW PUBLIC TAKEOVER OFFER FOR AAREAL BANK -
BOARDS OF AAREAL BANK APPROVE PLANNED OFFER
    * ATLANTIC BIDCO - HAS SECURED SUPPORT AND COMMITMENTS FROM
MAJOR
SHAREHOLDERS REPRESENTING APPROXIMATELY 37% OF AAREAL BANK
SHARES
    * ATLANTIC BIDCO - OFFER VALUES AAREAL BANK AT APPROXIMATELY
EUR
2.00 BILLION FOR 100% OF SHARE CAPITAL
    * ATLANTIC BIDCO - REVISED OFFER AT A CASH CONSIDERATION OF
EUR
33.00 PER SHARE FOR ALL OUTSTANDING SHARES OF AAREAL BANK
    * ATLANTIC BIDCO - OFFER WILL BE SOLELY FINANCED WITH EQUITY
    * ATLANTIC BIDCO - BIDDER EXPECTS TO PURSUE A DELISTING OF
COMPANY, SUBJECT TO PREVAILING MARKET CONDITIONS.

Source text for Eikon:  ID:nEQ5c15m9a 
Further company coverage:  ARLG.DE 

 ((Reuters.Briefs@thomsonreuters.com;))