PropertyEU

Aareal Bank sells EUR 1.5b loan portfolio to Postbank

By A staff reporter 2008-05-20T00:00:00

German bank Aareal has sold a EUR 1.5bn portfolio of private construction financing to Deutsche Postbank. The parties agreed not to disclose the purchase price but Aareal said the transaction will not have any impact on its annual result. The deal is subject to approval by antitrust authorities as well ...

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