Pursuits
Vonovia Seeks Knockout Blow to Rule Germany's Property Market
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A wave of takeovers that’s transformed Germany’s rental property industry is reaching its climax.
The latest record-smashing bid is Vonovia SE’s offer to buy Deutsche Wohnen AG for almost 10 billion euros ($11.4 billion). The move by Germany’s biggest residential landlord to take over its closest competitor could thwart Deutsche Wohnen’s own bid for property owner LEG Immobilien AG.