Aareal Bank to sell a minority stake in Aareon
Aareal Bank, the Group parent of our parent entity Aareon AG, announced that the Management Board of Aareal Bank AG entered into discussions with a select group of long-term financial investors on the sale of a significant minority stake in Aareon AG.
UPDATE 14.08.2020
Aareal Bank sells 30% stake in IT subsidiary Aareon, with financial investor Advent International (“Advent”)
This story has been updated as of 14th August 2020.
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Aareal Bank launches process to sell a minority stake in Aareon
Aareal Bank, the Group parent of our parent entity Aareon AG, announced that the Management Board of Aareal Bank AG entered into discussions with a select group of long-term financial investors – within the framework of a structured framework – on the sale of a significant minority stake in Aareon AG. The process aims to further strengthen future growth prospects for the entire Aareon Group by joining forces with a partner. Aareal Bank intends to remain Aareon AG’s majority shareholder.
At the same time, Aareal Bank emphasised that it will only sell a minority stake if the potential partner fulfils certain criteria: a potential investor should support Aareon's growth strategy, particularly in terms of stepping up M&A activities. This would enable Aareon – including Aareon UK – to further accelerate growth. As Aareal Bank has emphasised, irrespective of the outcome of the discussions, Aareon Group is an integral part of Aareal Bank Group’s strategy, which has been further developed under the motto of “Aareal Next Level”.
The Management Board of Aareon is closely involved in the structured process that has now been launched, and will maintain a particular focus on the perspective of Aareon's clients. We will continue to do everything in our power to keep expanding our range of services around Aareon Smart World, in order to support you better (and faster) in pursuing digitalisation and exploring additional performance potential. Whatever happens, we remain your reliable, innovative, high-performance partner.
Whilst we will be happy to answer any questions our customers may have, we ask for your understanding that at this point in time, we are unable to provide any further details concerning the selling process. Of course, we will inform you accordingly in the event of an agreement being reached with an investor on the sale of a minority stake.
Dr Manfred Alflen, Chief Executive Officer, Aareon AG and Rob Griffiths, Managing Director, Aareon UK Ltd