GERMANY - Macquarie-led consortium snatches real-estate web portal

Co-shareholder Scout24 AG, which belongs to the Deutsche Telekom Group, has a pre-emptive right. Furthermore, the transfer of the share is subject to the approval of the supervisory board of Immobilien Scout GmbH.

Aareal Bank had acquired an additional stake of approx. 24% in the capital of Immobilien Scout GmbH from private equity investors in April 2007, raising its total stake to approximately 54% at that time. The bank subsequently raised its shareholding to 66.22% through additional purchases.

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