Germany’s Federal Cartel Office has approved the planned merger of Vonovia SE and Deutsche Wohnen SE.
The two companies announced their business combination on 24 May 2021, and the voluntary public takeover offer to the shareholders of Deutsche Wohnen SE was published on 23 June 2021.
The combination will create Europe’s largest residential real estate group with a combined portfolio of more than 500,000 apartments in Germany. The combined company is to operate under the name “Vonovia SE”.
This represents a Germany-wide market share of under 2 percent. Also, at city and municipality level, the combined market shares are throughout in the non-critical range.
”The approval of the Federal Cartel Office means that an essential closing condition of the takeover offer has been fulfilled. Provided
that the remaining closing conditions are met, the takeover offer is expected to be completed at the end of August 2021,” said f Vonovia in a statement.
