FRANKFURT Feb 8 German property financier
Aareal Bank is in talks to buy rival lender
Corealcredit from its owner, U.S. investor Lone Star, several
people familiar with the process said on Friday.
Aareal Bank is looking at financial data from its rival,
which Lone Star has been seeking for years to sell, two sources
A sale could involve Lone Star taking a stake in Aareal,
perhaps in proportion to the two groups' equity capital, of
which Aareal has about three times as much as Corealcredit.
French bank Societe General looked at Corealcredit
two years ago, but eventually dropped the approach.
Aareal had also looked at Corealcredit several times in the
past, the sources said.
This latest approach is still at an early stage, they said.
"But there is some movement in the market again, so
something could happen in the next weeks or months," one of the
(Reporting by Kathrin Jones, Arno Schuetze and Alexander
Huebner, writing by Jonathan Gould)