Czech billionaire set to accept Aareal takeover offer - source

Aareal Bank AG

31/01/2022 07:06

BERLIN, Jan 31 (Reuters) - Czech billionaire Daniel
Kretinsky is set to accept a takeover offer for Germany's Aareal
Bank  ARLG.DE  from three financial investors, according to a
source.
    The buyout group, which includes United States-based Advent
International, Canadian pension fund CPPIB and Centerbridge
Partners, reported an acceptance rate of 26.99% on Monday. 
    That includes a call option for 6.85%, the investors said. 
    Kretinsky, one of Aareal's three largest shareholders, is
behind that position, said a person familiar with the
transaction.

 (Reporting by Alexander Huebner
Writing by Miranda Murray
Editing by Paul Carrel)
 ((Miranda.Murray@thomsonreuters.com;))