Vonovia slips 3%, trader cites media report on Berlin expropriations plans

Vonovia SE

Mon 08:32

** Shares in German residential real estate company Vonovia  VNAn.DE slip around 3%
** A local trader points to a report in the Frankfurter Allgemeine Zeitung newspaper that Germany's Greens, Social Democrats (SPD) and the Left Party "want to get serious" about plans on expropriating large residential landlords in Berlin
** The trader cites FAZ report that the number of eligible apartments was raised to 10,000 and the compensation was roughly halved
** "Vonovia would still be hit," the trader says
** Peer Deutsche Wohnen DWNG.DE is down around 1%

 (Reporting by Orest Dovhan)
 ((Orest.Dovhan@thomsonreuters.com))