Deutsche Wohnen SE : Former rivals come together
>Business combination agreement signed with VNA, in surprising move - Monday (20 May) saw Deutsche Wohnen (DWNI) and Vonovia (VNA) sign a BCA, in a surprising move, given the political headwinds for landlords especially in Berlin, to create a giant with >500k residential units. The companies intend to de-escalate the political situation in Berlin with projected rental increases of no more than 1% p.a. for the next three years and increases coupled to inflation for the...Deutsche Wohnen is a holding company. Co.'s business focus is on residential and nursing properties in conurbations and metropolitan areas of Germany. Co. conducts its operations through three segments: asset/property management, disposal and nursing. Co.'s asset/property management segment includes all activities relating to the management and administration of residential property, the management of rental contracts and tenant support. Co.'s disposal segment comprises the disposal of residential units and portfolios managed by its Deutsche Wohnen Corporate Real Estate GmbH subsidiary. Co.'s nursing segment manages and markets retirement and nursing homes for senior citizens.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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