Aareal Bank partially puts its subsidiary Aareon at the disposal. One wants to separate from a minority share. Long-term financial investors should acquire the share. This is how you want to progress at Aareon and ensure more growth and sales. The board had had such plans for a long time. It is not really a surprise that it is becoming more concrete.
The analysts at DZ Bank welcome this step. They confirm the buy recommendation for Aareal Bank shares. The analysts see the price target for bank shares as before at EUR 18.00.
The analysts at Deutsche Bank also speak of positive news in this context. They stick to their recommendation to hold Aareal Bank shares. The target price remains at EUR 15.00.
The partial sale can lead to a book profit. Aareon’s growth can also be strengthened.
The market is also responding positively to the development. Aareal Bank shares gain 10.0 percent to EUR 16.67.