According to my SOTP, the consortium was trying to acquire Aareal Bank AG at an implied huge discount to BV. Not only Petrus and Teleios, but unsurprisingly other top shareholders refused to tender.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.