Vonovia reaches threshold for Deutsche Wohnen takeover

Vonovia plans to raise 8 billion euros in capital increase
Vonovia plans to raise 8 billion euros in capital increase   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">BERLIN</span> – 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). </p> <p>Vonovia said it had secured around 50.49% of Deutsche Wohnen shares.</p> <p>($1 = 0.8537 euros)</p> <p/> </div>