Vonovia's Plans Fuel Deutsche Wohnen Stock Jump
Deutsche Wohnen's stock increased by more than 5% on Monday.
Reason: News about a possible takeover by Vonovia.
Vonovia, Germany's largest residential landlord, confirmed that it is considering acquiring smaller rival Deutsche Wohnen. The news sent Deutsche Wohnen's shares up by more than 5% on Monday.
Vonovia already owns a 30% stake in Deutsche Wohnen and is looking to increase its stake to more than 50%, which would give it control of the company.
Deutsche Wohnen is the second-largest residential landlord in Germany, with a portfolio of about 150,000 apartments. Vonovia has a portfolio of about 400,000 apartments.
A merger between the two companies would create a residential landlord with a portfolio of more than 550,000 apartments, making it one of the largest landlords in Europe.
The deal is still in its early stages, and there is no guarantee that it will be completed. However, the news of Vonovia's interest has sent Deutsche Wohnen's shares higher.
Vonovia is the larger player in German residential real estate.
Vonovia was formed in 2015 through the merger of Gagfah and Deutsche Annington. It has a market capitalization of about €35 billion ($39 billion).
In addition to its residential portfolio, Vonovia also owns a number of commercial properties. The company has a presence in Germany, Austria, and Sweden.
Deutsche Wohnen has a large portfolio of residential properties in Germany.
Deutsche Wohnen was founded in 1978. It has a market capitalization of about 15 billion ($16 billion).
The company's portfolio includes about 150,000 apartments, which are located in major German cities such as Berlin, Hamburg, and Munich.
A merger between the two companies would create a residential landlord with a portfolio of more than 550,000 apartments.
The deal would create one of the largest landlords in Europe. The combined company would have a portfolio of more than 550,000 apartments, with a presence in Germany, Austria, and Sweden.
The deal would also give Vonovia a stronger position in the German residential market. Deutsche Wohnen has a strong portfolio of apartments in Berlin, which is Germany's largest city.
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