News

Majority of shareholders of Deutsche Wohnen declines takeover offer by Vonovia

Frankfurt/Main and Berlin, 10 February 2016. Vonovia's hostile takeover offer to the shareholders of Deutsche Wohnen failed. The minimum acceptance threshold of 50 per cent of the share capital was clearly missed.

The Supervisory Board and Management Board of Deutsche Wohnen welcome the clear vote. "We are pleased and thank our shareholders, employees and tenants for their support," said Michael Zahn, CEO of Deutsche Wohnen. "Our arguments against the transaction have convinced the market."

Deutsche Wohnen

Deutsche Wohnen is one of the largest publicly listed property companies in Germany and Europe with a business focus on managing and developing its residential property portfolio. As at 30 September 2015 the portfolio comprised a total of 149,100 units, of which 147,000 are residential units and 2,100 commercial properties. The company is listed in the Deutsche Börse's MDAX and is also included in the leading indices EPRA/NAREIT and GPR 100.

Important Notice

This publication represents neither an offer for sale nor request for purchase of securities.

Any statements regarding the future in this document do not represent any facts and use terms such "will", "expected", "believe", "estimate", "intend", "strive", and "assume" and other similar phrases. The statements express the intention, views and current expectations and assumptions of Deutsche Wohnen and parties acting in concert with Deutsche Wohnen. The statements directed at the future are based on current planning, estimates and forecasts, which Deutsche Wohnen and the parties acting in concert with Deutsche Wohnen have made to the best of their knowledge but do not contain any statement about their future validity. Future-based statements are subject to risks and uncertainties, which are generally difficult to predict and are generally not in Deutsche Wohnen's sphere of influence or that of the parties acting in concert with Deutsche Wohnen. Please note that the actual results or events may deviate substantially from those provided in or removed from the future-based statements.