Vonovia Secures 87.6% of Deutsche Wohnen's Voting Rights
October 26 2021 - 2:55AM
Dow Jones News
By Olivia Bugault
Vonovia SE said Tuesday that it secured roughly 87.6% of voting
rights to acquire Deutsche Wohnen SE at the end of its additional
acceptance period on Oct. 21.
Frankfurt-listed residential landlord Vonovia has completed the
takeover bid for its smaller rival Deutsche Wohnen on its third
attempt to buy the company. In late August, the company launched a
new and final public takeover offer at 53 euros ($61.54) for each
Deutsche Wohnen share.
"Together, Vonovia and Deutsche Wohnen will manage a portfolio
of approximately 568,000 apartments," it said. The deal will create
Europe's largest residential real-estate group.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
October 26, 2021 02:40 ET (06:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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