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Vonovia SE: Competition Authorities clear planned merger with conwert
DGAP-News: Vonovia SE / Key word(s): Offer
Vonovia SE: Competition Authorities clear planned merger with conwert
28.10.2016 / 13:22
The issuer is solely responsible for the content of this announcement.
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Vonovia SE: Competition Authorities clear planned merger with conwert
28.10.2016 / 13:22
The issuer is solely responsible for the content of this announcement.
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO
OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF
SUCH JURISDICTION. THIS ANNOUNCEMENT IS NEITHER AN OFFER TO EXCHANGE OR
PURCHASE NOR A SOLICITATION OF AN OFFER TO EXCHANGE OR PURCHASE SHARES.
Competition Authorities clear planned merger with conwert
Bochum, 28 October 2016 - The Austrian Federal Competition Authority has
cleared the planned merger of Vonovia SE ("Vonovia") and conwert Immobilien
Invest SE ("conwert") on the 28th of October 2016. The German Federal
Cartel Office already gave its approval on the 6th of October 2016.
Vonovia and conwert entered a Business Combination Agreement on the 5th of
September 2016.
The approval of both Competition Authorities is a precondition for the
completion of the voluntary public takeover offer to conwert shareholders.
For more Information:
en.vonovia-offer.de
About Vonovia
Vonovia SE is Germany's leading nationwide residential real estate company.
Vonovia currently owns and manages around 340,000 residential units in all
of Germany's attractive cities and regions. Its portfolio is worth
approximately EUR24 billion. An additional 54,000 or so third-party
apartments are also managed by Vonovia. As a modern service company,
Vonovia focuses on customer orientation and tenant satisfaction. Offering
tenants affordable, attractive and livable homes is a prerequisite for the
company's successful development. Accordingly, Vonovia makes long-term
investments in the maintenance, modernization and senior-friendly
conversion of its properties. The company will also be creating more and
more new apartments by realizing infill developments and adding on to
existing buildings.
The company, which is based in Bochum, has been listed on the stock
exchange since 2013 and on the DAX 30 since September 2015. Vonovia SE is
also listed on the international indices STOXX Europe 600, MSCI Germany,
GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of 6,900 employees.
Additional Information:
Approval: Regulated Market / Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code: 094567408
Registered headquarters of Vonovia SE: Münsterstraße 248, 40470 Düsseldorf,
Germany
Business address of Vonovia SE: Philippstraße 3, 44803 Bochum, Germany
OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF
SUCH JURISDICTION. THIS ANNOUNCEMENT IS NEITHER AN OFFER TO EXCHANGE OR
PURCHASE NOR A SOLICITATION OF AN OFFER TO EXCHANGE OR PURCHASE SHARES.
Competition Authorities clear planned merger with conwert
Bochum, 28 October 2016 - The Austrian Federal Competition Authority has
cleared the planned merger of Vonovia SE ("Vonovia") and conwert Immobilien
Invest SE ("conwert") on the 28th of October 2016. The German Federal
Cartel Office already gave its approval on the 6th of October 2016.
Vonovia and conwert entered a Business Combination Agreement on the 5th of
September 2016.
The approval of both Competition Authorities is a precondition for the
completion of the voluntary public takeover offer to conwert shareholders.
For more Information:
en.vonovia-offer.de
About Vonovia
Vonovia SE is Germany's leading nationwide residential real estate company.
Vonovia currently owns and manages around 340,000 residential units in all
of Germany's attractive cities and regions. Its portfolio is worth
approximately EUR24 billion. An additional 54,000 or so third-party
apartments are also managed by Vonovia. As a modern service company,
Vonovia focuses on customer orientation and tenant satisfaction. Offering
tenants affordable, attractive and livable homes is a prerequisite for the
company's successful development. Accordingly, Vonovia makes long-term
investments in the maintenance, modernization and senior-friendly
conversion of its properties. The company will also be creating more and
more new apartments by realizing infill developments and adding on to
existing buildings.
The company, which is based in Bochum, has been listed on the stock
exchange since 2013 and on the DAX 30 since September 2015. Vonovia SE is
also listed on the international indices STOXX Europe 600, MSCI Germany,
GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of 6,900 employees.
Additional Information:
Approval: Regulated Market / Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code: 094567408
Registered headquarters of Vonovia SE: Münsterstraße 248, 40470 Düsseldorf,
Germany
Business address of Vonovia SE: Philippstraße 3, 44803 Bochum, Germany
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