Vonovia is canceling the acceptance threshold for the offer for Deutsche Wohnen

Frankfurt Germany’s largest real estate group Vonovia has made a decisive turnaround with the planned takeover of competitor Deutsche Wohnen. The Dax group is canceling the previous minimum acceptance threshold of 50 percent for the current offer. Deutsche Wohnen and Vonovia announced this on Monday evening.

The Handelsblatt reported in the afternoon that Vonovia was considering this step. This means that the deal can be realized even if the investors again fail to offer Vonovia a majority of Deutsche Wohnen. Vonovia is eliminating all risks and “ensures the success of the transaction in the interests of the stakeholders of both companies,” announced the group.