Deutsche Wohnen SE - M&A Activity 2016

News Details

Corporate | 10 February 2016 13:25

Deutsche Wohnen AG: Majority of shareholders of Deutsche Wohnen declines takeover offer by Vonovia

DGAP-News: Deutsche Wohnen AG / Key word(s): Offer

2016-02-10 / 13:25

The issuer is solely responsible for the content of this announcement.

Majority of shareholders of Deutsche Wohnen declines takeover offer by Vonovia

Frankfurt/Main and Berlin, 10 February 2016. Vonovia’s hostile takeover offer to the shareholders of Deutsche Wohnen failed. The minimum acceptance threshold of 50 per cent of the share capital was clearly missed.

The Supervisory Board and Management Board of Deutsche Wohnen welcome the clear vote. “We are pleased and thank our shareholders, employees and tenants for their support,” said Michael Zahn, CEO of Deutsche Wohnen. “Our arguments against the transaction have convinced the market.”

Deutsche Wohnen

Deutsche Wohnen is one of the largest publicly listed property companies in Germany and Europe with a business focus on managing and developing its residential property portfolio. As at 30 September 2015 the portfolio comprised a total of 149,100 units, of which 147,000 are residential units and 2,100 commercial properties. The company is listed in the Deutsche Börse’s MDAX and is also included in the leading indices EPRA/NAREIT and GPR 100.

Important Notice

This publication represents neither an offer for sale nor request for purchase of securities.

Any statements regarding the future in this document do not represent any facts and use terms such “will”, “expected”, “believe”, “estimate”, “intend”, “strive”, and “assume” and other similar phrases. The statements express the intention, views and current expectations and assumptions of Deutsche Wohnen and parties acting in concert with Deutsche Wohnen. The statements directed at the future are based on current planning, estimates and forecasts, which Deutsche Wohnen and the parties acting in concert with Deutsche Wohnen have made to the best of their knowledge but do not contain any statement about their future validity. Future-based statements are subject to risks and uncertainties, which are generally difficult to predict and are generally not in Deutsche Wohnen’s sphere of influence or that of the parties acting in concert with Deutsche Wohnen. Please note that the actual results or events may deviate substantially from those provided in or removed from the future-based statements.

Contact

Phone +49 (0)30 897 86-5413

Fax +49 (0)30 897 86-5419

[email protected]

2016-02-10 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	Deutsche Wohnen AG
	Pfaffenwiese 300
	65929 Frankfurt am Main
	Germany
Phone:	+49 (0)30 89786-0
Fax:	+49 (0)30 89786-5419
E-mail:	[email protected]
Internet:	http://www.deutsche-wohnen.com
ISIN:	DE000A0HN5C6
WKN:	A0HN5C
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart