trending Market Intelligence /marketintelligence/en/news-insights/trending/sQttBjt5FVhFd9aLjS8J4w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Aareal Bank open to starting talks for software business Aareon

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

Top 10 VR Games By Revenue

Mining Exploration Insights - October 2020


Report: Aareal Bank open to starting talks for software business Aareon

Aareal Bank AG is open to beginning discussions with potential bidders for its software business Aareon AG, Reuters reported, citing people familiar with the matter.

The potential talks follow pressure on the bank from activist investor Teleios Capital Partners LLC to consider selling the business, according to the Oct. 23 report.

The German real estate lender has reportedly tapped Société Générale and Deutsche Bank to advise on the potential divestment but no formal sale process has been initiated yet, the sources said. They added that the lender would prefer selling a minority stake in the unit — considered a "key pillar" by Aareal's CEO Hermann Merkens — but could possibly off-load a majority stake valued between €500 million and €600 million.

However, Teleios believes investors would benefit more from a full sale — a full sale would value Aareon somewhere between €700 million and €1.0 billion, the report said.

The bank is "assessing all relevant options" and has no established preferences, according to Merkens.

Teleios recently hiked its shareholding in the bank to 4.47% and called for a strategic review of Aareon. The Swiss asset manager also threatened to call for an extraordinary general meeting and a special audit if its demands are not met, Reuters added.