DGAP-News: Aareal Bank AG / Key word(s): Miscellaneous
WestImmo to become loan servicing entity within Aareal Bank Group
Wiesbaden/Mainz, 03 July 2017 - Westdeutsche ImmobilienBank AG (WestImmo), a wholly-owned subsidiary of Aareal Bank AG, has transferred its banking operations, together with related loan and securities portfolios, to Aareal Bank AG, by way of a split-off. The split-off became effective upon entry into WestImmo's Commercial Register on 30 June 2017. Following the split-off, WestImmo will assume the functions of a loan servicing entity within Aareal Bank Group, having changed its company name and object for this purpose: with immediate effect, WestImmo will operate under the name of "Westdeutsche Immobilien Servicing AG"; it will no longer conduct its own banking activities, and will focus on the servicing of property loans.
Aareal Bank AG
Phone: +49 611 348 2306
Phone: +49 611 348 2280
Phone: +49 611 348 3217
Phone: +49 611 348 2923
03.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Aareal Bank AG|
|Phone:||+49 (0)611 348 - 0|
|Fax:||+49 (0)611 348 - 2332|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm|
|End of News||DGAP News Service|