Vonovia and Deutsche Wohnen Reach Agreement on Domination Contract

Vonovia SE and Deutsche Wohnen SE have agreed to conclude a domination and profit and loss transfer agreement. This announcement follows a joint decision of the companies, with Vonovia acting as the controlling entity over Deutsche Wohnen. The agreement hinges on the audit opinion from a court-appointed contract auditor.

An exchange ratio has been set for minority shareholders of Deutsche Wohnen at 0.7947 Vonovia shares per Deutsche Wohnen share. Furthermore, a fixed annual payment of EUR 1.22 gross per Deutsche Wohnen share is proposed, translating to EUR 1.03 net after taxes.

The agreement requires approval from both companies’ general shareholders' meetings, scheduled for January 2025. Once approved, this arrangement will allow the shareholders of Deutsche Wohnen to receive conditional capital in Vonovia shares upon accepting the offered compensation.