Vonovia makes takeover offer for minorities in Deutsche Wohnen unit GSW Immobilien

Deutsche Wohnen SE

21/09/2021 17:47

FRANKFURT, Sept 21 (Reuters) - German property group Vonovia
 VNAn.DE , which is acquiring peer Deutsche Wohnen  DWNG.DE ,
has decided to make a voluntary takeover offer to minorities in
Deutsche Wohnen unit GSW Immobilien.  
    GSW Immobilien  GIBG.F  said on Tuesday that Vonovia was
offering a cash consideration at the statutory minimum price. 
    Deutsche Wohnen owns 94% of GSW Immobilien, according to
Refinitiv data. 
    Vonovia's takover offer for Deutsche Wohnen runs until Oct.
4 and is expected to go through after the acquirer dropped key
conditions earlier this month.  urn:newsml:reuters.com:*:nL8N2QF4MP
    

 (Reporting by Arno Schuetze; Editing by Edmund Blair)
 ((arno.schuetze@thomsonreuters.com; +49 30220133648;))