German residential property Vonvoia has plans to acquire rival Deutsche Wohnen SE, in a deal that could create a real estate giant valued at about $40 billion, reported Bloomberg, citing people with knowledge of the matter.
Deutsche Wohnen has around 161,000 apartments and a market capitalization of approximately €12.7 billion ($13.7 billion).
Four years ago Deutsche Wohnen made a previous bid to acquire the company after failing to get enough investors to accept its bid.
