Vonovia Mulls Sale of Assets Valued at $13.2 Billion
August 03 2022 - 9:52AM
Dow Jones News
By Maitane Sardon
Vonovia SE on Wednesday said it is considering measures
including property sales and joint ventures with institutional
investors that would help the company to allocate capital more
efficiently.
The German real-estate company said it has identified assets for
potential sale valued at an estimated 13 billion euros ($13.2
billion).
As part of a new plan to secure access to capital, Vonovia said
it is currently reviewing measures such as sales of flats and
multi-dwelling units and joint ventures with new investors.
Ulrike Dauer contributed to this article.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
August 03, 2022 09:37 ET (13:37 GMT)
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