Vonovia placed its Deutsche Wohnen SE shares in the market
Bochum, Germany, January 31, 2019 – Vonovia SE (“Vonovia”) has successfully disposed of its ca. 16.8 million Deutsche Wohnen SE (“Deutsche Wohnen”) shares in the market. The placement price of EUR 41.50 for the sale of these shares was determined by way of an accelerated bookbuilt offering to institutional investors for which a group of banks had been mandated. The aggregate value of the stake was ca. EUR 698.1 million.
The proceeds will be used to further strengthen the balance sheet with LTV being positively impacted by ca. 80bps and no material impact on any other KPI.