Vonovia tops Starwood with US$1.1bil Victoria Park bid

  • Business Premium
  • Friday, 04 May 2018

BERLIN: Vonovia SE offered to buy Swedish real estate company Victoria Park AB for about 9.56 billion kronor (US$1.1bil), topping a bid by Starwood Capital Group.

The German landlord is pushing to expand further outside its home market after completing its biggest cross-border deal in March. Victoria Park recommended accepting the Vonovia bid, which is 800 million kronor higher than Starwood’s.

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