Vonovia SE : The two largest residential companies in Germany want to come together
>Business combination agreement signed in surprising move - Last Monday (20 May) saw Vonovia (VNA) and Deutsche Wohnen (DWNI) 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 rent increases of no more than 1% p.a. for the next three years and increases coupled to inflation for the follo...Vonovia is a residential real estate company based in Germany. Co. maintains 357,117 residential units and a portfolio worth approximately Euro24.1 billion in cities and regions throughout Germany. Co. manages residential units, garages and parking spaces as well as commercial units. Co. focuses on customer orientation and tenant satisfaction, offering tenants affordable, attractive and livable homes, as well as offering additional real estate-related services. Co.'s residential units are located in contiguous settlements at approximately 770 locations in Germany.
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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