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    Home»Private Equity»Centerbridge Partners & Advent International announce €1.74bn Aareal Bank takeover intention
    Private Equity

    Centerbridge Partners & Advent International announce €1.74bn Aareal Bank takeover intention

    A consortium led by Advent International and Centerbridge Partners has announced its intention to launch a €1.74bn voluntary public takeover offer for Germany-based Aareal Bank.
    November 23, 2021Updated:November 24, 20211 Min Read
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    U.S.-based Advent International and Centerbridge Partners have made a joint takeover offer for Germany’s Aareal Bank that values the lender at 1.7 billion euros ($1.9 billion).

    “The announced offer is in the best interests of our company and its stakeholders,” Aareal Chief Executive Jochen Kloesges said in a statement on Tuesday.

    Aareal, which specializes in real-estate lending, said last month that it was in talks over a potential acquisition of a majority stake with a group of investors.

    Read more @Reuters

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