On Wednesday he will present himself to the shareholders at the Annual General Meeting.
(Photo: Vonovia)
Dusseldorf They are pithy words. Major shareholder Union Investment accuses the management of the Dax group Vonovia of unclear communication and dwindling trust at the virtual general meeting on Wednesday.
“In its current state, Vonovia doesn’t look like Europe’s largest housing group, but like a high-rise on shaky foundations,” says Arne Rautenberg, fund manager at Union Investment, according to the speech manuscript available to the Handelsblatt.
He criticized that there would very well have been one or the other adjustment screw to help the Vonovia share perform better. The Management Board must communicate more clearly so that the capital market can build trust in Vonovia again. “Because, as the stock crash shows, that has largely been lost.”
Criticism of real estate sales
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further