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Aareal Bank completes acquisition of Düsseldorfer Hypothekenbank

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Aareal Bank completes acquisition of Düsseldorfer Hypothekenbank

Aareal Bank AG completed the acquisition of Düsseldorfer Hypothekenbank AG, effective Dec. 31, 2018.

Aareal Bank confirmed that the deal will lead to a positive one-off effect from initial consolidation of roughly €52 million, subject to adjustments, and added that it will continue Düsseldorfer Hypothekenbank's orderly run-down process that began in 2015.