23.11.2021 Aareal Bank AG  DE0005408116

DGAP-Adhoc: Aareal Bank AG: Conclusion of an investment agreement to prepare a voluntary public takeover offer of a bidder company with participation of Advent and Centerbridge


DGAP-Ad-hoc: Aareal Bank AG / Key word(s): Mergers & Acquisitions
Aareal Bank AG: Conclusion of an investment agreement to prepare a voluntary public takeover offer of a bidder company with participation of Advent and Centerbridge

23-Nov-2021 / 07:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Conclusion of an investment agreement to prepare a voluntary public takeover offer of a bidder company with participation of Advent and Centerbridge

Today, Aareal Bank signed an investment agreement with an entity to be named Atlantic BidCo GmbH, the "Bidder", held indirectly by financial investors Advent International Corporation and Centerbridge Partners, L.P., as well as co-investors, setting out the requirements for, and conditions of, a voluntary public tender offer (Takeover Offer) by the Bidder to the shareholders of Aareal Bank AG for the acquisition of all outstanding shares against a cash consideration of € 29.00 per share. The price includes a premium of around 35 per cent on the volume-weighted average XETRA price of the Aareal Bank share over the last three months prior to 7 October 2021, when talks with the financial investors on the acquisition of a potential majority interest became public. The investment agreement is based on the prerequisite that until closing there will be no distribution in cash or in kind by Aareal Bank. Alongside other customary terms and conditions, the offer is conditional upon a minimum acceptance level of 70 per cent, and will be subject to merger control clearances and other regulatory requirements. The Bidder is expected to publish the offer document in mid-December, following approval by the German Federal Financial Supervisory Authority (BaFin).

In the investment agreement, the Bidder commits to support Aareal Bank AG's strategic ambitions to strengthen its position as a leading international provider of property financings, as well as software, digital solutions and payments services - based on its "Aareal Next Level" strategy and associated, publicly-announced goals, as well as to expedite growth in all of Aareal Bank Group's segments, set to be financed henceforth through retained profits. The Bidder has also committed to continue Aareal Bank Group in its current structure.

The Management Board and Supervisory Board of Aareal Bank AG support the Takeover Offer, subject to examination of the offer document following its publication, and the issue of their reasoned statement which is mandatory under applicable law.

Against the background of the intended offer and in accordance with the investment agreement signed, the Management Board has decided, with the consent of the Supervisory Board, to withdraw agenda item no. 1 for the Extraordinary General Meeting convened for 9 December 2021, which was intended to resolve on the further distribution of profits for the 2020 financial year of € 1.10 per share.

Jürgen Junginger, Head of Investor Relations

23-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Aareal Bank AG
Paulinenstr. 15
65189 Wiesbaden
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: [email protected]
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1251197

End of Announcement DGAP News Service

1251197  23-Nov-2021 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 943,00 928,00 775,00 764,00 1.118,00 865,00 0,00
EBITDA1,2 366,00 328,00 316,00 248,00 -75,00 155,00 0,00
EBITDA-Marge3 38,81 35,34 40,77 32,46 -6,71 17,92 0,00
EBIT1,4 366,00 328,00 316,00 248,00 -75,00 155,00 0,00
EBIT-Marge5 38,81 35,34 40,77 32,46 -6,71 17,92 0,00
Jahresüberschuss1 234,00 213,00 226,00 163,00 -69,00 68,00 0,00
Netto-Marge6 24,81 22,95 29,16 21,34 -6,17 7,86 0,00
Cashflow1,7 -210,00 -80,00 -294,00 485,00 3.009,00 2.626,00 0,00
Ergebnis je Aktie8 3,33 3,20 3,48 2,42 -1,50 0,89 1,39
Dividende8 2,00 2,50 2,10 0,00 0,40 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

Aareal Bank
WKN Kurs in € Einschätzung Börsenwert in Mio. €
540811 32,420 Halten 1.940,57
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
19,07 13,91 1,37 12,62
0,65 0,74 2,24 12,52
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,40 0,00 0,00 31.08.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2022 11.08.2022 10.11.2022 30.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
7,77% 11,08% 12,73% 57,53%
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Banken , 540811 , ARL , XETR:ARL