Aareal Bank AG
Aareal Bank AG: Aareal Bank Group successfully completes acquisition of Düsseldorfer Hypothekenbank AG
DGAP-News: Aareal Bank AG / Key word(s): Takeover Aareal Bank Group successfully completes acquisition of Düsseldorfer Hypothekenbank AG Wiesbaden, 2 January 2019 – Aareal Bank Group has successfully completed the acquisition of Düsseldorfer Hypothekenbank AG, announced on 11 September 2018. The purchase was completed with effect from 31 December 2018, as planned. Now that the transaction has been closed, Düsseldorfer Hypothekenbank AG is a legally independent subsidiary of Aareal Bank Group. For Aareal Bank, as communicated, the transaction will lead to a positive one-off effect from initial consolidation (negative goodwill) in the amount of approximately EUR 52 million. The exact figure is subject to adjustments which are now being determined with reference to the closing date (31 December 2018). As communicated at the time of the agreement, Aareal Bank will not pursue any further strategic objectives with the acquisition. Having undergone an orderly run-down process since 2015, under the auspices of its previous owner; Düsseldorfer Hypothekenbank AG no longer actively originates new property finance business on the market. Aareal Bank is set to consistently pursue this orderly run-down. Aareal Bank Group Contact: Aareal Bank AG Corporate Communications Sven Korndörffer Phone: +49 611 348 2306 sven.korndoerffer@aareal-bank.com Christian Feldbrügge Phone: +49 611 348 2280 christian.feldbruegge@aareal-bank.com
02.01.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Aareal Bank AG |
Paulinenstr. 15 | |
65189 Wiesbaden | |
Germany | |
Phone: | +49 (0)611 348 – 0 |
Fax: | +49 (0)611 348 – 2332 |
E-mail: | aareal@aareal-bank.com |
Internet: | www.aareal-bank.com |
ISIN: | DE0005408116 |
WKN: | 540811 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm |
End of News | DGAP News Service |