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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Vonovia SE | TG:VNA | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.80 | 3.05% | 27.01 | 26.94 | 27.08 | 27.90 | 26.55 | 26.55 | 470,494 | 22:50:03 |
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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