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Vonovia SE: Takeover bid successful: Vonovia secures around 87.6% of the voting rights of Deutsche Wohnen in total

DGAP-News: Vonovia SE / Key word(s): Mergers & Acquisitions Vonovia SE: Takeover bid successful: Vonovia secures around 87.6% of the voting rights of Deutsche Wohnen in total 26.10.2021 / 07:56 The issuer is solely responsible for the content of this announcement. 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

Takeover bid successful: Vonovia secures around 87.6% of the voting rights of Deutsche Wohnen in total

Bochum, 26 October 2021 - Vonovia SE ("Vonovia") has successfully completed its voluntary public takeover offer to the shareholders of Deutsche Wohnen SE ("Deutsche Wohnen"). Following the end of the additional acceptance period, Vonovia secured a total of around 87.6% of the voting rights of Deutsche Wohnen. Deutsche Wohnen shareholders had the opportunity to tender their shares at a price of EUR 53 per share until 24:00 (CEST) on 21 October 2021.

For those Deutsche Wohnen shareholders who accepted the offer by the end of the additional acceptance period, payment of the offer consideration is expected to be made via their custodian banks by 2 November 2021. Together, Vonovia and Deutsche Wohnen will manage a portfolio of approximately 568,000 apartments.

Rolf Buch, CEO of Vonovia: "We can now focus our combined efforts to address the major social and societal challenges in the housing market. We have demonstrated many times that managing a larger number of homes enables us to achieve significant benefits for all stakeholders. We will uphold our responsibility to work together with policy-makers on concrete solutions for affordable and climate-friendly housing."

The final result of the public takeover offer can be viewed on Vonovia's transaction website (https://en.vonovia-st.de/).

 

About Vonovia

Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 414,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,000 apartments. Its portfolio is worth approximately € 63.0 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Therefore, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.