Czech billionaire set to accept Aareal takeover offer – source

This post was originally published on this site

The buyout group, which includes United States-based Advent International, Canadian pension fund CPPIB and Centerbridge Partners, reported an acceptance rate of 26.99% on Monday.

That includes a call option for 6.85%, the investors said.

Kretinsky, one of Aareal’s three largest shareholders, is behind that position, said a person familiar with the transaction.