Oct
14
Vonovia Offers to Buy German Real Estate Rival Deutsche Wohnen
ByLONDON — Germany’s biggest residential real estate company, Vonovia, said on Wednesday that it had offered to acquire its rival Deutsche Wohnen. The cash-and-share offer values Deutsche Wohnen at about $16 billion, including debt.
Vonovia is seeking to derail Deutsche Wohnen’s deal to acquire the residential property company LEG Immobilien, which was announced in September and would create a much stronger competitor to Vonovia…
Vonovia Offers to Buy German Real Estate Rival Deutsche Wohnen