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Europe, News

Vonovia reaches threshold for Deutsche Wohnen takeover

BERLIN, Sept 27 (Reuters) – German real estate company Vonovia said on Monday it had reached the 50% threshold needed to buy smaller rival Deutsche Wohnen after a sweetened bid valuing the company at 19.1 billion euros ($22.37 billion).

Vonovia said it had secured around 50.49% of Deutsche Wohnen shares. ($1 = 0.8537 euros) (Reporting by Matthias Inverardi Writing by Riham Alkousaa, editing by Emma Thomasson)


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