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Sign in Sign up for a FREE subscriptionVonovia’s €19b takeover of Deutsche Wohnen collapses
German real estate company Vonovia’s €19b takeover bid of rival Deutsche Wohnen has collapsed.
“A combination of the two companies makes a lot of sense,” said Rolf Buch, Vonovia chief executive, in a statement. “Unfortunately, an insufficient proportion of the current shareholders of Deutsche Wohnen have turned in their shares.”
