Deutsche Wohnen and Vonovia Finalize Agreement Details

Deutsche Wohnen SE and Vonovia SE have reached an agreement on the terms of their domination and profit and loss transfer arrangement. Vonovia will act as the controlling entity, with Deutsche Wohnen as the controlled party. This decision follows the work of a jointly appointed valuation expert and the approval of both companies' supervisory boards.

The agreement includes a share exchange ratio set at 0.7947 Vonovia shares per Deutsche Wohnen share. Additionally, an annual fixed payment of EUR 1.22 gross (EUR 1.03 net) per Deutsche Wohnen share is proposed. This agreement is contingent upon the audit opinion of a court-appointed contract auditor.

For the agreement to be finalized, it requires approval at the respective general shareholders' meetings scheduled for January 2025. The details of the meetings will be published shortly.