Aareal Bank AG: WestImmo to become loan servicing entity within Aareal Bank Group
WestImmo to become loan servicing entity within Aareal Bank Group
Wiesbaden/Mainz, 03 July 2017 - Westdeutsche ImmobilienBank AG (WestImmo), a wholly-owned subsidiary of Aareal Bank AG, has transferred its banking operations, together with related loan and securities portfolios, to Aareal Bank AG, by way of a split-off. The split-off became effective upon entry into WestImmo's Commercial Register on 30 June 2017. Following the split-off, WestImmo will assume the functions of a loan servicing entity within Aareal Bank Group, having changed its company name and object for this purpose: with immediate effect, WestImmo will operate under the name of "Westdeutsche Immobilien Servicing AG"; it will no longer conduct its own banking activities, and will focus on the servicing of property loans.
Aareal Bank Group Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. It provides smart financings, software products, and digital solutions for the property sector and related industries, and is present across three continents: Europe, North America and Asia. Aareal Bank AG, whose shares are included in Deutsche Börse's MDAX index, is the Group's parent entity. It manages the various entities organised in the Group's two business segments: Structured Property Financing and Consulting /Services. The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. In this segment, the Bank facilitates property investment projects for its domestic and international clients, within the framework of a three-continent strategy covering Europe, North America and Asia. In its Consulting/Services segment Aareal Bank Group offers its European clients from the property and energy sectors a unique combination of specialised banking services as well as innovative digital products and services, designed to help clients optimise and enhance the efficiency of their business processes.Contact: Aareal Bank AG Corporate Communications Sven Korndörffer Phone: +49 611 348 2306 email@example.com Christian Feldbrügge Phone: +49 611 348 2280 firstname.lastname@example.org Jorge Person Phone: +49 611 348 3217 email@example.com Alessandro Schwarz Phone: +49 611 348 2923 firstname.lastname@example.org
03.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: Aareal Bank AG Paulinenstr. 15 65189 Wiesbaden
Germany Phone: +49 (0)611 348 - 0 Fax: +49 (0)611 348 - 2332 E-mail: email@example.com Internet: www.aareal-bank.com ISIN: DE0005408116 WKN: 540811 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm End of News DGAP News Service