German property giants seal 19-B euro merger

By Agence France-Presse

May 26, 2021 12:52 am

FRANKFURT: Germany's top property group Vonovia announced on Monday (Tuesday in Manila) plans for a 19-billion euro merger with rival Deutsche Wohnen to form a giant in the sector.

'In order to tackle both the housing shortage and climate change more robustly and efficiently, Vonovia and Deutsche Wohnen are joining forces,' said a statement from the company.

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