Investor calls for resignation of chair of Germany's Aareal Bank

Aareal Bank AG

10/02/2022 07:41

FRANKFURT, Feb 10 (Reuters) - The activist investor Teleios,
which holds a 6% stake in Germany's Aareal Bank  ARLG.DE , on
Thursday called for the resignation of the lender's chairman,
according to a letter.
    The letter https://www.teleioscapital.com/documents/2022-02-10-Teleios-Letter-to-the-Board-of-Aareal.pdf,
 addressed to the supervisory board and signed by Adam Epstein
of Teleios, said that the protagonists of a recent failed buyout
deal, including chair Hermann Wagner, should "acknowledge their
misjudgment and resign now."
    

 (Reporting by Tom Sims
Editing by Riham Alkousaa)
 ((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))