FRANKFURT (Reuters) - Germany's Aareal Bank Group (DE:ARLG) said on Sunday it had agreed to buy property lender Westdeutsche Immobilienbank [WDLGW.UL] (WestImmo) for 350 million euros (258.66 million pounds) from Erste Abwicklungsanstalt.
Aareal said it expected to complete the deal, which is subject to regulatory approval, in the next four months.