Investment agreement and takeover offer

Dear shareholders,

Atlantic BidCo GmbH’s (“Atlantic BidCo”) voluntary public takeover offer for Aareal Bank AG will proceed to closing: The Bidder announced on 22 May 2023 that all conditions of the offer have been fulfilled after the European Central Bank (ECB) approved the acquisition of a majority stake in the Bank.

Atlantic BidCo had secured around 84 per cent of Aareal Bank shares at an offer price of €33.00 per share in the course of a voluntary public takeover offer last year. At completion, the Bidder said it will own around 90 per cent of the shares.

Atlantic BidCo is indirectly held by funds controlled, managed or advised by Advent International Corporation and Centerbridge Partners as well as CPP Investment Board Europe S.à.r.l., a wholly-owned subsidiary of Canada Pension Plan Investment Board (“CPP Investments“) and other minority shareholders.

Further Information:

Investment Agreement and takeover offer November/December 2021

Atlantic BidCo GmbH (the “Bidder”), a bidder company held indirectly by financial investors Advent International Corporation and Centerbridge Partners, L.P. as well as other co-investors – including the Canada Pension Plan Investment Board (CPPIB) – announced on 4 February 2022 that its voluntary public takeover offer for all shares in Aareal Bank AG was not successful:

Please see below for more information on the course of the voluntary public takeover offer: