Vonovia buys option for stake in rival Adler

Adler Real Estate AG

08/10/2021 08:41

BERLIN, Oct 8 (Reuters) - German real estate firm Vonovia
 VNAn.DE  said on Friday it had bought an option to acquire
around 13% stake in smaller rival Adler  ADLG.DE  as its shares
fell as much as 33% on Wednesday after an activist investor said
it was "not investible".  urn:newsml:reuters.com:*:nL8N2R32J3
    Vonovia said the option gives it the right to buy Adler
shares from Luxembourg-based property investor Aggregate
Holdings over the next 18 months at a strike price of 14 euros
($16.16) per share.


($1 = 0.8661 euros)

 (Reporting by Zuzanna Szymanska
Editing by Riham Alkousaa)
 ((zuzanna.szymanska@thomsonreuters.com;))