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Aareal Bank acquires WestImmo

Aareal Bank Group acquires all of the shares of Westdeutsche ImmobilienBank AG (WestImmo), which specialises in commercial property financing. A corresponding sale and purchase agreement was signed yesterday with the previous owner Erste Abwicklungsanstalt (EAA). The purchase price amounts to € 350 million, subject to contractually agreed adjustments until the…

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