Vonovia Controls 72.3% of Votes in Hembla

Date : 11/22/2019 @ 7:13AM
Source : Dow Jones News
Stock : Vonovia SE (VNA)
Quote : 46.42  0.56 (1.22%) @ 4:34PM

Vonovia Controls 72.3% of Votes in Hembla

Vonovia (XE:VNA)
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   By Giulia Petroni 
 

Vonovia SE (VNA.XE) said Thursday that it currently controls approximately 72.3% of voting rights in Hembla AB (HEM-B.SK).

The German real-estate company said it now owns about 65% of the Swedish residential company's share capital.

Earlier this month, Vonovia launched a mandatory cash offer for Hembla of 19.98 billion Swedish kronor ($2.07 billion), offering SEK215 in cash per B-share to all remaining shareholders.

The offer expires on Dec. 9, the company said.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

November 22, 2019 01:58 ET (06:58 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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