German real estate bank, Aareal, is planning to raise €269 million through a share sale to increase its capital by 40%, Reuters reports. The bank may offer 17.1 million new shares at €15.75 per share. Aareal may use €75 million of the proceeds to repay a cash injection from German bank rescue fund, Soffin. Aareal may also redeem a Soffin-guaranteed €2 billion bond maturing on June 5, 2013, issued in June 2010.

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