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Vonovia reaches threshold for Deutsche Wohnen takeover

Vonovia reaches threshold for Deutsche Wohnen takeover
Vonovia reaches threshold for Deutsche Wohnen takeover   -   Copyright  Thomson Reuters 2021
By Reuters

BERLIN – 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)