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Czech billionaire accepts Aareal Bank buyout offer: Reuters

Czech billionaire Daniel Kretinsky is set to accept a takeover offer for Germany's Aareal Bank from three investors, Reuters reported.

Czech billionaire Daniel Kretinsky is set to accept a takeover offer for Germany’s Aareal Bank from three investors, Reuters reported. The buyout group includes Advent International, Canada Pension Plan Investment Board and Centerbridge Partners. The investors are offering to pay 1.86 billion euros ($2.1 billion) for Aareal, Bloomberg reported.

Source: Reuters