FRANKFURT (Reuters) -The German Landesbank Helaba is weighing a takeover of the property bank Aareal, Handelsblatt reported on Monday, a deal that would create a heavyweight in real-estate lending.
Helaba Considers Acquiring Aareal Bank to Strengthen Market Position
FRANKFURT (Reuters) -The German Landesbank Helaba is weighing a takeover of the property bank Aareal, a person with knowledge of the matter said on Monday, a deal that would create a heavyweight in real-estate lending.
Talks are at an early stage and could fall through, said the person, adding that investors were open to other bidders.
Both banks declined to comment.
Handelsblatt first reported the talks.
A consortium of investors bought Aareal in 2023 at a value of around 2 billion euros ($2.34 billion). The investors included Advent and Centerbridge.
($1 = 0.8552 euros)
(Reporting by Emma-Victoria Farr and Tom Sims; Editing by Tomasz Janowski)
