In January 2024 a.s.r. reached an agreement to sell Knab to the BAWAG Group AG for € 510 million (net asset value per 31 December 2023: € 750 million). Closing of the transaction is expected in the second half of 2024 and is subject to approval from the relevant regulatory authorities and advice from the a.s.r. Works Council. An agreement was also reached to transfer the management of the servicing of mortgages on Knab’s balance sheet from a.s.r. to the BAWAG Group AG in due time after closing for € 80 million payable to a.s.r.