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FRANKFURT: German real estate company Vonovia is launching a fresh attempt to buy rival Deutsche Wohnen with a sweetened bid valuing the company at 19.1 billion euro (US$22.7 billion), it said on Sunday.
Global M&A hits record highs with $1.5 trillion of Q2 deals
FRANKFURT: Europe’s largest residential property group Vonovia SE said it agreed to take over its closest German rival Deutsche Wohnen for about 18 billion euros ($22 billion) to better shoulder future investments in heat insulation.
GERMANY’S highest court ruled Thursday that a cap on rent prices implemented last year by Berlin’s left-wing state government is unconstitutional and void, fueling an explosive political issue in an election year.
BERLIN: Berlin’s governing parties struck a deal to freeze rents in the German capital for five years, marking one of the most radical plans to tackle spiralling housing costs in a major city
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.