Aareal Bank AG
Aareal Bank enters into strategic partnership with UK based servicing company Mount Street (news with additional features)
DGAP-News: Aareal Bank AG / Key word(s): Investment Aareal Bank enters into strategic partnership with UK based servicing company Mount Street Mount Street and Aareal Bank expect the demand for services in the areas of credit management and servicing in Europe to increase markedly in the coming years. Within the framework of the strategic partnership, and with the support of Aareal Bank, Mount Street intends to leverage the potential resulting from this development and plans to further expand its business relationships in the banking and insurance sectors. Mount Street was chosen for this important strategic partnership because of its market-leading credentials, professionalism, and the commitment shown to working with Aareal Bank on aforementioned matters. To underpin this strategic partnership, Aareal Bank will take a 20 per cent stake in Mount Street. The majority of the company will be owned by Mount Street’s management. The parties have agreed not to disclose financial terms of the transaction. The transaction itself only marginally affects Aareal Bank’s financial position. Mount Street currently offers loan services in 18 European countries, and manages more than EUR 26 billion in property loans for approximately 175 global investors, sponsors and lenders. In addition, Mount Street recently announced its acquisition of EAA Portfolio Advisors (EPA) which will add a further EUR 29 billion to its assets under management when regulatory approvals are received. “With this investment in Mount Street we consistently implement our “Aareal 2020″ programme for the future”, explains Hermann Merkens, Chairman of the Management Board of Aareal Bank AG. “In line with our strategy, we continue to expand our business along the commercial property finance value chain. At the same time, we secure our access to innovative technologies and a rapidly growing market.”
Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=UJUHHXNHJM Document title: 20170215_Press_Release.pdf
15.02.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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 |