The German private residential real estate company Vonovia has, after the end of the regular acceptance period of its voluntary takeover offer to the shareholders of Deutsche Wohnen SE, achieved the target with a total of 60.30% of the voting rights of Deutsche Wohnen (fully diluted) and will become the majority shareholder of the real estate company.
All Deutsche Wohnen shareholders who have already tendered their shares under the offer are expected to receive EUR 53 per tendered share via their custodian bank by 14 October 2021. Deutsche Wohnen shareholders who have not yet accepted the offer have the opportunity to tender their shares during the additional acceptance period for EUR 53 in cash per share. The additional acceptance period begins on 8 October and ends on 21 October 2021 at 24:00 CEST.
Vonovia is Europe’s leading private residential real estate company and currently owns around 414,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,000 apartments. Its portfolio is worth approximately € 63.0 billion. The company has been listed on the stock exchange since 2013. Since September 2015, Vonovia has been a constituent in the DAX 30 (today DAX 40). Vonovia has a workforce of around 11,000 employees.