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Aareal Bank sells 30% stake in IT Unit Aareon to Advent for €260m

Aareal Bank AG has agreed on a long-term partnership with financial investor Advent International, to significantly further strengthen the growth momentum of its IT subsidiary Aareon AG. Within the scope of this agreement, Aareal Bank will sell a 30 per cent minority stake in Aareon to Advent. A share purchase…[…]