Vonovia Is Said in Talks on $23 Billion Deutsche Wohnen Deal
- Transaction set to rank as year’s biggest European takeover
- Deal would combine Germany’s two largest residential landlords
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German residential property firm Vonovia SE is in advanced talks on a potential acquisition of rival Deutsche Wohnen SE for about 19 billion euros ($23 billion) in what would be the biggest-ever takeover in European real estate, people with knowledge of the matter said.
Vonovia is discussing a friendly purchase of Deutsche Wohnen for about 53 euros per share in cash including a 1 euro dividend, according to the people, who asked not to be identified because the information is private. The companies are prepared to address political and tenant concerns in Berlin as part of any transaction, the people said.