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AAREAL BANK AG (FRA:ARL) Aareal Bank AG: WestImmo to become loan servicing entity within Aareal Bank Group

Directive transparence : information réglementée

03/07/2017 14:11

DGAP-News: Aareal Bank AG / Key word(s): Miscellaneous
Aareal Bank AG: WestImmo to become loan servicing entity within Aareal Bank Group

03.07.2017 / 14:11
The issuer is solely responsible for the content of this announcement.


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 Group
Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. It provides smart financings, software products, and digital solutions for the property sector and related industries, and is present across three continents: Europe, North America and Asia. Aareal Bank AG, whose shares are included in Deutsche Börse's MDAX index, is the Group's parent entity. It manages the various entities organised in the Group's two business segments: Structured Property Financing and Consulting /Services. The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. In this segment, the Bank facilitates property investment projects for its domestic and international clients, within the framework of a three-continent strategy covering Europe, North America and Asia. In its Consulting/Services segment Aareal Bank Group offers its European clients from the property and energy sectors a unique combination of specialised banking services as well as innovative digital products and services, designed to help clients optimise and enhance the efficiency of their business processes.


Contact:
Aareal Bank AG
Corporate Communications

Sven Korndörffer
Phone: +49 611 348 2306
sven.korndoerffer@aareal-bank.com

Christian Feldbrügge
Phone: +49 611 348 2280
christian.feldbruegge@aareal-bank.com

Jorge Person
Phone: +49 611 348 3217
jorge.person@aareal-bank.com

Alessandro Schwarz
Phone: +49 611 348 2923
alessandro.schwarz@aareal-bank.com


03.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Aareal Bank AG
Paulinenstr. 15
65189 Wiesbaden
Germany
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: MDAX
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

586209  03.07.2017 

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