Czech billionaire set to accept Aareal takeover offer – source

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BERLIN – Czech billionaire Daniel Kretinsky is set to accept a takeover offer for Germany’s Aareal Bank from three financial investors, according to a source.

The buyout group, which includes United States-based Advent International, Canadian pension fund CPPIB and Centerbridge Partners, reported an acceptance rate of 26.99% on Monday.

That includes a call option for 6.85%, the investors said.

Kretinsky, one of Aareal’s three largest shareholders, is behind that position, said a person familiar with the transaction.

(Reporting by Alexander Huebner; Writing by Miranda Murray; Editing by Paul Carrel)


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