Aareal Bank AG (HAM:ARLN)
€ 37 0.5 (1.37%) Market Cap: 2.21 Bil Enterprise Value: 606.72 Mil PE Ratio: 0 PB Ratio: 0.69 GF Score: 47/100
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Aareal Bank AG Process Of Selling A Minority Stake in Aeron AG Conference Call Transcript

Aug 14, 2020 / 07:00AM GMT
Release Date Price: €19.26 (+2.72%)
Hermann Josef Merkens
Aareal Bank AG - Chairman of the Management Board

Yes, good morning, everybody. As promised yesterday, I said in our Q2 call that we might hear each other shortly. So that it's very short, to be honest. But on the other hand, I think, for a good reason. So tonight, we've been able to announce our minority share with Advent with respect to Aareon. And I hope you received our invite to this call early on so that you are able to participate. Thank you for that, and sorry for the short notice invite.

So if I may start with Page 2 of the presentation, which is in front of you, just a recap to our Aareal Next Level program, where we clearly looked into structured property financing, housing and adjacent industries. And Aareon, you may remember that we've presented that during our January call with you. With respect to Aareon, clearly, we laid out that we intend to accelerate and support the business of Aareon even more through not just organic growth but M&A activities. And that if we would find a right partner along the way who supports the business even more so that we

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