Aareal Bank and Advent International have agreed to sell Aareon, its circa €3.9bn (£3.3bn) subsidiary focusing on software-as-a-service solutions for the property industry, to TPG and CDPQ.
Aareal Bank’s equity stake in Aareon is worth about €2.1bn.
Aareon will become
Thank you for reading EG
Want to read more? Enjoy a story a week for FREE for one month.
