Vonovia could correct the course in the offer for Deutsche Wohnen

Frankfurt Germany’s largest real estate group Vonovia is facing a decisive turning point with the planned takeover of competitor Deutsche Wohnen. According to information from the Handelsblatt from financial circles, the Dax Group is thinking intensively about removing the previous minimum acceptance threshold of 50 percent for the current offer this week.

This means that the deal could be realized even if the investors again fail to offer Vonovia a majority of Deutsche Wohnen. Vonovia is expected to make a final decision on such a step shortly, according to several people who are familiar with the situation. The deal will be discussed by those involved until the last minute, it is said. A Vonovia spokeswoman declined to comment on the information.