Vonovia SE Initiates Domination and Profit and Loss Transfer Agreement Process with Deutsche Wohnen SE

Vonovia SE and Deutsche Wohnen SE have agreed to enter discussions for a domination and profit and loss transfer agreement. The agreement will position Vonovia as the controlling company and Deutsche Wohnen as the controlled company. This will involve preparatory measures outlined in section 291 of the German Stock Corporation Act.

Vonovia's agreement includes an offer to minority shareholders of Deutsche Wohnen to exchange their shares for newly issued Vonovia shares. Additionally, an annual compensation payment will be provided. The specific details of the exchange offer and compensation payment will comply with legal requirements.

Both companies plan to hold extraordinary general meetings in December 2024 to vote on approving this agreement. If passed, this strategic move aims to strengthen Vonovia's market position.