Aareal Bank Group acquires all of the shares of Corealcredit Bank AG, specialising in commercial property financing in Germany. A corresponding sale and purchase agreement was signed today with the previous owner, a company of US financial investor Lone Star. The purchase price amounts to €342 million, subject to contractually agreed adjustments until the closing date. According to current planning, the transaction - which is subject to the approval of the respective authorities - shall be completed during the first half of next year.
