PropertyEU

Schroders to buy Aareal Asset Management

By A staff reporter 2006-12-15T00:00:00

Schroders is buying Germany's property manager Aareal Asset Management (AAM) from its sole owner Aareal Bank. Under the terms of the agreement, Schroders will pay EUR 28.mln, including EUR 6 mln of net tangible assets in cash, on completion of the acquisition of 99.75% of the share capital in ...

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