Hengeler Mueller advises Aareal Bank Group on acquisition of Corealcredit Bank AG

27. December 2013

Aareal Bank Group, a leading international property specialist, has signed a sale and purchase agreement for the acquisition of all of the shares of Corealcredit Bank AG with the owner, a company of US financial investor Lone Star. Corealcredit Bank AG specialises in commercial property financing in Germany. The purchase price amounts to EUR 342 m, subject to contractually agreed adjustments until the closing date. According to current planning, the transaction - which is subject to the approval of the respective authorities - shall be completed during the first half of next year.

Hengeler Mueller advised Aareal Bank Group on the transaction. The Hengeler Mueller team included partners Johannes Adolff, Klaus-Dieter Stephan (both Corporate/M&A, both Frankfurt), Alf-Henrik Bischke (Competition, Düsseldorf), Thomas Paul (Banking and Capital Markets, Frankfurt) as well as associates Thomas B. Paul, Johannes Baumann, Thomas Lang, Stephan Hennrich, Jan Letto Steffen (all Frankfurt) and Vicki Treibmann (Düsseldorf).