Real estate financier: Aareal Bank could return to the stock exchange according to CEO
Aareal Bank is no longer listed on the stock exchange as of 2023. CEO Christian Ricken considers a return possible, but also considers an alternative.
In Wiesbaden, the CEO of Aareal Bank, Christian Ricken, suggested during a recent conference call about the bank's half-year results that the company may return to the stock exchange. This potential exit route was mentioned, drawing a parallel to the Oldenburgische Landesbank (OLB) case where owners considered both a complete sale and a return to the stock market.
Ultimately, OLB sold to Crédit Mutuel Alliance Fédérale. Since then, in 2023, a consortium led by Advent International and Centerbridge Partners gained control of Aareal Bank and removed it from the stock market. Earlier this year, there were rumors about Helaba potentially acquiring Aareal Bank. Ricken believes that both a return to the stock exchange and selling the property finance company to strategic investors are possible options.
He emphasized that the bank is attractive to all investors who want to invest in well-established, highly profitable properties.
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