Activist urges Aareal Bank to be open about approaches for Aareon unit
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LONDON (Reuters) - Activist hedge fund investor Teleios Capital on Wednesday urged the management of German real estate lender Aareal Bank to be transparent about what it called "serious bidders" for its Aareon division that had been rejected.Teleios, which holds a 6.5% stake in the bank, also called for a dual-track process for both a majority and a minority sale of the software business."It is our understanding that for some time, management has regularly received and disregarded expressions..