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Atlantic BidCo secures 75% of voting rights and is to become majority shareholder of Aareal Bank

Atlantic BidCo, a non-controlled company indirectly held by funds which are respectively managed and advised by Advent International Corporation (Advent), Centerbridge Partners  (Centerbridge) and CPP Investment Board Europe, a wholly owned subsidiary of Canada Pension Plan Investment Board (CPP), as well as further minority shareholders, has exceeded the minimum acceptance threshold in its voluntary public takeover of Aareal Bank, securing a total of 74.62% of the shares after the end of the initial acceptance period.

Upon closing of the transaction, the Bidder will become the majority shareholder in Aareal Bank.
Aareal Bank shareholders who have not yet accepted the offer can and are encouraged to tender their shares during the additional acceptance period for EUR33 in cash per share. The additional acceptance period begins on 31 May 2022 and ends at midnight (CET) on 13 June 2022.

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