Plus   Neg

Deutsche Wohnen Announces Acquisition Of Real Estate Portfolio - Quick Facts

Deutsche Wohnen AG (DWHHF.PK) announced that it has entered into a purchase agreement for the acquisition of a residential real estate portfolio comprising approximately 6,900 residential units that is held by various companies. The purchase price consists of a cash component amounting to 260 million euros, as well as a share component of 8.15 million new no-par value ordinary bearer shares of Deutsche Wohnen AG.

In order to fulfill the agreed share component, the Board of Deutsche Wohnen AG has resolved on a capital increase in the nominal amount of approximately 5% of the current share capital against contributions in kind and under exclusion of shareholders' subscription rights. The company's share capital will be increased from 160.76 million euros to 168.91 million euros. To this end, the company will issue 8.15 million new no-par value ordinary bearer shares to the sellers.

Deutsche Wohnen AG announced it has also acquired an additional residential real estate portfolio, comprising roughly 900 residential units in Berlin, for a gross purchase price of approximately 51 million euros in cash.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Canada-based cannabis company Cronos Group Inc. (CRON) and MM Enterprises USA LLC said Monday that they have formed a cross-border joint venture to cater to Canadian consumers. The move comes as Canada plans to legalize adult use of cannabis by the end of this year. MM Enterprises USA, LLC is a U.S. cannabis company with facilities in California, Nevada, and New York. Qualcomm Inc.'s former Chairman Paul Jacobs plans to acquire the chipmaker founded by his father and has approached several global investors in an effort to fund the buyout, the Financial Times reported. According to the report, Jacobs informed members of the Qualcomm board about his intention to take the company private. Qualcomm has a market capitalization of $90 billion. Tiffany & Co. (TIF) reported fourth-quarter net earnings of $62 million, or $0.50 per diluted share, which were 61% below the prior year's $158 million, or $1.26 per diluted share. The company recorded tax-related charges in the fourth quarter of 2017 and certain impairment charges in last year's fourth...
comments powered by Disqus
Follow RTT