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07. Februar 2012 
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Australia’s Macquarie said to have joined RREEF bidding process
Macquarie Group, one of Australia’s largest investment banks, has joined the bidding process for Deutsche Bank’s RREEF real estate unit, people close to the matter said. Also Ameriprise Financial, JP Morgan and State Street have been said to be among the interested parties. However, talks are strictly confidential and the companies in question declined to comment or were not available for comment.
According to bank analysts in Frankfurt and Sydney, Macquarie would be a good fit for RREEF. Moreover, an acquisition by the Australian banking group would be in line with their own previously announced strategic goals. Macquarie and RREEF often happened to be competitors, having bid for the same infrastructure assets on earlier occasions.
Purchase price estimates for RREEF range from as low as €500mln to more than €1bln. Deutsche Bank did not specify a price target for the unit but only said it would explore all strategic options. As of the end of the third quarter 2011, RREEF had about €43.6bln in assets under management.
According to bank analysts in Frankfurt and Sydney, Macquarie would be a good fit for RREEF. Moreover, an acquisition by the Australian banking group would be in line with their own previously announced strategic goals. Macquarie and RREEF often happened to be competitors, having bid for the same infrastructure assets on earlier occasions.
Purchase price estimates for RREEF range from as low as €500mln to more than €1bln. Deutsche Bank did not specify a price target for the unit but only said it would explore all strategic options. As of the end of the third quarter 2011, RREEF had about €43.6bln in assets under management.
Autor: Ulrich Schüppler
