On 26 July 2005 Aareal Holding Verwaltungsgesellschaft mbH announced the sale of 4.496 million shares of Aareal Bank's subscribed capital. The majority of these shares were placed with a long-term investor.
"This placement further strengthens the quality of the free floating part in the shareholder structure", commented Dr. Wolf Schumacher, CEO of Aareal Bank AG. Placed were the shares of the capital increase in 2004 and the stake of Resba GmbH, the former Schmidt-Bank which is being dissolved. This allows the holding partners to achieve the portfolio diversification that they had before the capital increase, bringing the stake of Aareal Holding Verwaltungsgesellschaft to 34.57%.
"The lock up period confirms the continuing long-term commitment of the Holding to its Aareal stake", stated Aareal Holding Verwaltungsgesellschaft. Aareal Holding was advised in this transaction by Bankhaus Lampe and Krüger & Uhen.
Source: Aareal Bank