Vonovia as Europe’s leading private residential real estate company has secured the public takeover of its competitor Deutsche Wohnen by waiving all offer conditions in its voluntary public takeover offer. This also eliminates the need to reach a minimum acceptance threshold.
This step removes all risks and ensures the success of the transaction. All shareholders of Deutsche Wohnen who tender their shares by this deadline will receive EUR 53 per tendered share no later than 14 October 2021. The additional acceptance period is expected to start on 8 October and to end on 21 October 2021 at 24:00 CEST.
Vonovia currently holds just short of 30 percent of the Deutsche Wohnen share capital. In addition, Vonovia has signed contracts with investors regarding the purchase of approximately 6 percent of the shares outstanding. Together with the already tendered shares of approximately 4 percent, Vonovia currently secured more than 40 percent of the shares outstanding of Deutsche Wohnen.
Vonovia 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 billion.