Supervisory Board chairwoman Helene von Roeder (from left to right), co-bosses Lars Urbansky and Konstantina Kanellopoulos as well as CFO Olaf Weber answered questions from the shareholders.
(Photo: Screenshot)
Dusseldorf It was a confrontation with an announcement. At the virtual general meeting of Deutsche Wohnen, the activist investor Elliott pushed the supervisory board and board of the housing group in front of him for almost twelve hours in several rounds of questions.
In a fight that was hopeless, at least as far as the voting result is concerned, two representatives of the investor asked countless detailed questions in three long rounds of questions about a loan to Germany’s largest housing group Vonovia, which currently holds 88 percent of Deutsche Wohnen after the takeover in 2021. Elliott wanted a special auditor to examine the award.
In the end, only 6.09 percent of the shareholders voted for a special auditor. Elliott holds around three percent of Deutsche Wohnen. The activist investor can still try to enforce the special audit in court.
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