Atlantic BidCo GmbH, 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 Investments), has secured 83.8% of shares in its voluntary public takeover of Aareal Bank AG (Aareal Bank), following the end of the additional acceptance period.
The transaction is expected to close, subject to regulatory processes, in the fourth quarter of 2022 or the first quarter of 2023. As further specified in the offer document published on 26 April 2022, the offer is still subject to approval from bank regulatory authorities, and, to the extent applicable, antitrust authorities.
