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Aareal Bank Agrees To Sell Property Management System to TPG and CDPQ for €3.9 Billion

Sale to US Private Equity Firm and Canadian Pension Fund to Net German Lender €2 Billion
(Aareal)
(Aareal)

Germany’s Aareal Bank and Advent International have agreed to sell their Aareon property management system to American private equity firm TPG and Canadian pension fund CDPQ for about €3.9 billion.

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