BOCHUM (dpa-AFX) – The housing group Vonovia has determined the compensation for the outside shareholders of Deutsche Wohnen as part of the planned control and profit transfer agreement. Deutsche Wohnen shareholders will receive 0.7947 Vonovia shares for each Deutsche Wohnen share, as the companies announced at the weekend. It is also planned that Deutsche Wohnen shareholders should receive an annual gross compensation payment of 1.22 euros per paper for each full year.
The figures are still subject to the approval of a court-appointed contract auditor. The Bochum-based Vonovia Group announced in September that it wanted to conclude a control and profit transfer agreement for the acquired Deutsche Wohnen. The general meetings of both companies still have to give their approval in January.
Shareholder representatives are initially only partially satisfied with the offer to shareholders. “At first glance, the exchange ratio appears to be within expectations,” said Daniel Bauer from the Protection Association of Capital Investors (SdK) to the “Handelsblatt”. The compensation payment, however, is lower than expected./men
