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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , offer

   

Next In Business News

Nasdaq futures slump 2% as rising yields spark tech rout Premium
UK employers add record number of jobs, unemployment falls Premium
Starbucks ties up with Meituan to bolster presence in crucial China market Premium
Australian shares slip as healthcare, banking stocks drag Premium
China has plenty policy tools in reserve to cope with slowing economy - state planner Premium
BOJ raises inflation forecasts, maintains ultra-easy policy Premium
US yields up along the curve as traders brace for hawkish Fed Premium
Oil rises to more than 7-year high on Mideast tensions Premium
China Merchants Bank-backed SPAC files first application under new Hong Kong rules Premium
Asia shares tick higher as spotlight stays on Fed Premium

Others Also Read


Vouchers