Aareal Bank

DGAP-News: Management Board and Supervisory Board issue supplementary reasoned statement on the amended takeover offer by Atlantic BidCo GmbH

Retrieved on: 
Thursday, January 20, 2022 - 2:24pm

Wiesbaden, 20 January 2022 - Today the Management Board and Supervisory Board of Aareal Bank Group have issued their joint supplementary reasoned statement on the Offer Document amended by the bidding company Atlantic BidCo GmbH (the "Bidder") on 18 January 2022.

Key Points: 
  • Wiesbaden, 20 January 2022 - Today the Management Board and Supervisory Board of Aareal Bank Group have issued their joint supplementary reasoned statement on the Offer Document amended by the bidding company Atlantic BidCo GmbH (the "Bidder") on 18 January 2022.
  • In their supplementary reasoned statement, the Management Board and Supervisory Board continue to recommend that shareholders accept the offer - outlining the reasons for this recommendation by reference to the reasoned statement on the original offer, published on 27 December 2021.
  • Due to this amendment to the terms of the offer, the acceptance period for the offer was extended until 2 February 2022 (24:00 CET).
  • Moreover, Aareal Bank confirms not having received any competing offer since Atlantic BidCo GmbH published its offer.

DGAP-News: Atlantic BidCo GmbH: Atlantic BidCo reaffirms attractiveness of offer for Aareal Bank and sets new threshold at 60%

Retrieved on: 
Wednesday, January 19, 2022 - 8:21pm

Frankfurt, 18 January 2022 - Atlantic BidCo GmbH ("the Bidder") today announced that it has decided to lower the minimum acceptance threshold from 70% to 60% for its voluntary public takeover for Aareal Bank AG ("Aareal Bank").

Key Points: 
  • Frankfurt, 18 January 2022 - Atlantic BidCo GmbH ("the Bidder") today announced that it has decided to lower the minimum acceptance threshold from 70% to 60% for its voluntary public takeover for Aareal Bank AG ("Aareal Bank").
  • As a result of the amended offer, Aareal Bank's shareholders will continue to be able to accept the offer and tender their shares until 2 February 2022 (midnight CET).
  • The offer will continue to be subject to approval from bank regulatory, anti-trust and foreign investment authorities, and other offer conditions.
  • The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology.

DGAP-News: Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank

Retrieved on: 
Friday, January 14, 2022 - 3:06pm

Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank

Key Points: 
  • Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank
    The issuer is solely responsible for the content of this announcement.
  • Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank
    - Prof. Dr Hermann Wagner: "We welcome the decision taken by the Higher Regional Court.
  • Wiesbaden, 14 January 2022 - With a binding decision, the Frankfurt/Main Higher Regional Court approved the application submitted by Aareal Bank to appoint Messrs Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis as members of Aareal Bank's Supervisory Board, with immediate effect.
  • Prof. Dr Hermann Wagner, the Chairman of the Supervisory Board of Aareal Bank AG, commented: "We welcome the decision taken by the Higher Regional Court.

DGAP-News: Aareon CEO Dr Manfred Alflen has announced his retirement from the operating business in March 2022 - Hartmut Thomsen to take over as Chairman of the Management Board

Retrieved on: 
Thursday, January 13, 2022 - 10:03am

Wiesbaden/Mainz, 13 January 2022 - Dr Manfred Alflen (61), Chairman of the Management Board of Aareon AG, has announced that he will retire from the operating business with effect from 31 March 2022.

Key Points: 
  • Wiesbaden/Mainz, 13 January 2022 - Dr Manfred Alflen (61), Chairman of the Management Board of Aareon AG, has announced that he will retire from the operating business with effect from 31 March 2022.
  • Aareon AG's Supervisory Board has appointed Hartmut Thomsen (50) as Dr Alflen's successor, effective 1 April 2022.
  • I will remain close to Aareon, but no longer wish to be engaged in its operating business.
  • On behalf of the entire Supervisory Board, I would like to express our heartfelt thanks to Dr Alflen and his team.

DGAP-News: The Management Board and Supervisory Board of Aareal Bank recommend accepting the takeover offer made by Atlantic BidCo GmbH

Retrieved on: 
Monday, December 27, 2021 - 11:02am

- The Management Board and Supervisory Board of Aareal Bank deem the offer to be advantageous from a strategic perspective, and the cash consideration of 29 per share to be fair

Key Points: 
  • - The Management Board and Supervisory Board of Aareal Bank deem the offer to be advantageous from a strategic perspective, and the cash consideration of 29 per share to be fair
    Wiesbaden, 27 December 2021 - Today the Management Board and Supervisory Board of Aareal Bank AG have published a joint reasoned statement - as required by applicable law - on the voluntary public takeover offer made by Atlantic BidCo GmbH.
  • The Management Board and Supervisory Board had already signalled their general support when the offer was announced on 23 November 2021, based on an investment agreement concluded with Atlantic BidCo GmbH.
  • Against this background, from a strategic perspective, the Management Board and Supervisory Board deem the offer to be in the best interests of the Company and its stakeholders.
  • When assessing the offer price regarding its financial fairness, the Management Board was advised by Perella Weinberg Partners, and the Supervisory Board by Deutsche Bank.

DGAP-News: Atlantic BidCo GmbH: Aareal Bank shareholders can tender their shares from today - Offer Document published

Retrieved on: 
Monday, December 20, 2021 - 11:45am

The acceptance period for the offer begins today and is expected to expire at midnight (CET) on 19 January 2022.

Key Points: 
  • The acceptance period for the offer begins today and is expected to expire at midnight (CET) on 19 January 2022.
  • During this time, Aareal Bank shareholders can accept the offer and tender their shares to the Bidder.
  • The Management and Supervisory Boards of Aareal Bank support the offer, and intend, subject to final review of the offer document, to recommend that Aareal Bank shareholders accept the offer.
  • After a successful tender offer, the transaction is expected to close, subject to regulatory proceedings, in the second half of 2022.

DGAP-News: Extraordinary General Meeting of Aareal Bank AG resolves on the removal of Supervisory Board members

Retrieved on: 
Thursday, December 9, 2021 - 1:13pm

- Supervisory Board members Marija Korsch, Christof von Dryander und Dietrich Voigtlnder removed

Key Points: 
  • - Supervisory Board members Marija Korsch, Christof von Dryander und Dietrich Voigtlnder removed
    - Majority of shareholders reject the candidates put forward by Petrus Advisers Investments Fund L.P. - Theodor Heinz Laber, Marion Khny, and Joachim Sonne
    Wiesbaden, 9 December 2021 - The Extraordinary General Meeting of Aareal Bank AG has approved the removal of Supervisory Board members, as proposed by one shareholder.
  • In a request for extension of the agenda, Petrus Advisers had called for the removal of Supervisory Board members Marija Korsch, Christof von Dryander and Dietrich Voigtlnder.
  • The Bank will now seek the appointment of Supervisory Board members by the court, in order to restore the Supervisory Board's composition in line with the requirements set out in the Memorandum and Articles of Association.
  • The Extraordinary General Meeting had originally been convened to vote on a second dividend tranche for the 2020 financial year.

DGAP-News: Chairman of the Supervisory Board Marija Korsch resigns from office - Supervisory Board elects Professor Dr Hermann Wagner as her successor

Retrieved on: 
Tuesday, November 23, 2021 - 7:06pm

Furthermore, she will step down from office as a member of the Supervisory Board with effect from 31 March 2022.

Key Points: 
  • Furthermore, she will step down from office as a member of the Supervisory Board with effect from 31 March 2022.
  • Marija Korsch said: "Now is the right time to pass on the chairmanship of the Supervisory Board.
  • The Supervisory Board today elected Professor Dr Hermann Wagner, who has been a member of the Supervisory Board of Aareal Bank AG since 2015 and chairs the Audit Committee, to succeed Ms Korsch as Chairman.
  • The new Chairman of the Supervisory Board of Aareal Bank, Professor Dr Hermann Wagner, said: "It is an honor for me to take up this responsible position as successor to Marija Korsch.

DGAP-News: Aareal Bank concludes investment agreement - bidder company with participation of Advent International and Centerbridge Partners announces takeover offer

Retrieved on: 
Tuesday, November 23, 2021 - 7:02am

The investment agreement is based on the prerequisite that until closing there will be no distribution in cash or in kind by Aareal Bank.

Key Points: 
  • The investment agreement is based on the prerequisite that until closing there will be no distribution in cash or in kind by Aareal Bank.
  • Aareal Bank Group to be developed further, based on its existing strategy
    Today's announcement was preceded by constructive talks between Aareal Bank and Advent and Centerbridge after they approached the Management Board.
  • The Bidder undertook in the Investment Agreement not to cause Aareal Bank AG to conclude a domination and/or profit and loss transfer agreement with the Bidder or any affiliated company to the Bidder.
  • The Supervisory Board of Aareal Bank is advised by Deutsche Bank as financial advisors and Latham & Watkins as legal counsel.

DGAP-News: Aareal Bank Group continues its positive development with a good third quarter

Retrieved on: 
Thursday, November 11, 2021 - 7:03am

Wiesbaden, 11 November 2021 - Aareal Bank Group has continued its growth path and increased its consolidated operating profit for the third quarter to 50 million.

Key Points: 
  • Wiesbaden, 11 November 2021 - Aareal Bank Group has continued its growth path and increased its consolidated operating profit for the third quarter to 50 million.
  • With regard to the further development of the pandemic during the current winter quarter, we will nonetheless remain vigilant."
  • Persistent demand for digital products such as Aareal Meter and Aareal Aval is increasingly contributing to the business segment's positive development.
  • Aareal Bank Group continues to anticipate a "swoosh"-shaped economic trend.