Deutsche Wohnen and Vonovia Initiate Dominance Agreement Process

Berlin, 18 September 2024 – Deutsche Wohnen SE and Vonovia SE have announced the beginning of the process to establish a domination and profit and loss transfer agreement. This step marks a significant development under section 291 of the German Stock Corporation Act, with Vonovia acting as the controlling company and Deutsche Wohnen as the controlled entity.

The agreement will offer to acquire shares from minority shareholders of Deutsche Wohnen in exchange for newly issued Vonovia shares, along with an annual compensation payment throughout the agreement's term. Both companies will finalize the specific terms regarding the exchange and compensation in compliance with legal requirements.

Deutsche Wohnen anticipates that extraordinary general meetings for both companies will take place in December 2024 to vote on the agreement's approval.