Oct
14

Vonovia Offers to Buy German Real Estate Rival Deutsche Wohnen

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LONDON — 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

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