Stock Groups

Czech billionaire set to accept Aareal takeover offer

by Mike Robinson

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© Reuters.

BERLIN, (Reuters) – According to a source, Daniel Kretinsky from Czech is expected to accept a three-way takeover offer by Aareal Bank in Germany.

On Monday, the acceptance rate for the buyout group that includes Centerbridge Partners and CPPIB, a Canadian pension fund, as well as Advent International from the United States, was 26.99%.

Investors stated that the call option is available for 6.85%.

Kretinsky, who is also one of Aareal’s biggest shareholders, was behind this position, according to a source familiar with the matter.

 

 

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