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Vonovia reaches threshold for Deutsche Wohnen takeover

Stock MarketsSep 27, 2021 08:46
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© Reuters. FILE PHOTO: The new headquarters of German real estate company Vonovia is pictured in Bochum, Germany, April 24, 2018. REUTERS/Wolfgang Rattay/File Photo

BERLIN (Reuters) - German real estate company Vonovia said on Monday it had reached the 50% threshold needed to buy smaller rival Deutsche Wohnen after a sweetened bid valuing the company at 19.1 billion euros ($22.37 billion).

Vonovia said it had secured around 50.49% of Deutsche Wohnen shares.

($1 = 0.8537 euros)

Vonovia reaches threshold for Deutsche Wohnen takeover
 

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