Vonovia reaches threshold for Deutsche Wohnen takeover

Deutsche Wohnen SE

27/09/2021 08:05

BERLIN, Sept 27 (Reuters) - German real estate company
Vonovia  VNAn.DE  said on Monday it had reached the 50%
threshold needed to buy smaller rival Deutsche Wohnen  DWNG.DE 
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)

 (Reporting by Matthias Inverardi
Writing by Riham Alkousaa, editing by Emma Thomasson)
 ((Riham.Alkousaa@thomsonreuters.com;))