|Bid||39.75 x 7600|
|Ask||39.79 x 56500|
|Day's Range||39.62 - 40.50|
|52 Week Range||38.03 - 53.04|
|Beta (5Y Monthly)||0.18|
|PE Ratio (TTM)||9.43|
|Earnings Date||Nov. 12, 2021|
|Forward Dividend & Yield||1.03 (2.56%)|
|Ex-Dividend Date||Jun. 02, 2021|
|1y Target Est||N/A|
German real estate company Vonovia said on Sunday that it planned to raise some 8 billion euros ($9 billion) in a capital increase to partly finance its takeover of rival Deutsche Wohnen. The Vonovia executive board approved the step and secured the green light of the supervisory board, the company said in a statement. Vonovia said last month that it had secured a total of 87.6% of voting rights in Deutsche Wohnen, successfully completing its takeover bid.
Find out why Berliners voted to socialize almost 250,000 apartments and whether that could happen here.
BERLIN (Reuters) -A majority of voters in Berlin wants city hall to expropriate major landlords such as Vonovia and Deutsche Wohnen to help reduce rents in the German capital, provisional referendum results showed on Monday. Around 56% cast a ballot in favour of the non-binding initiative, compared to 39% against, Berlin government said following Sunday's vote, which was held alongside elections for the city government and the national parliament. The results come as Vonovia, the largest German residential rental company, said it had reached the 50% threshold needed to buy smaller rival Deutsche Wohnen, creating a housing behemoth with some 550,000 apartments worth more than 80 billion euros ($93.7 billion).