€ 17.8bn German real estate merger “likely to fail”

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Law360 (23 Jul 2021 at 6:43 pm ET) – Deutsche Wohnen SE said Friday that it is planning a € 17.8 billion ($ 21 billion) deal to be bought out by another German real estate group, Vonovia. SE, “most likely unsuccessful.” since most of his shares were not transferred in time.

Deutsche Wohnen said in a statement that the company is evaluating its shareholders’ decision and will analyze its next steps after it learns that it will likely fall short of the required threshold when at least 50% of its shares are put up by July 21.

“We supported Vonovia’s proposal and welcomed the business combination in partnership. Problems on …

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