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By Mauro Orru
Vonovia SE (VNA.XE) said on Thursday that it will hold about 95.4% of Hembla AB (HEM-B.SK) after its extended offer for shares in the Swedish property company expired.
The German residential-property company said it will not extend the acceptance period any further, and that it has initiated compulsory acquisition of the remaining shares in Hembla. The Swedish company has applied for delisting from Nasdaq Stockholm and will stop trading after Jan. 10.
Vonovia initially placed an offer for Hembla at a price of 215 Swedish krona ($22.73) per share in November through its subsidiary HomeStar InvestCo AB, the company said. The takeover became final on Dec. 10.
Write to Mauro Orru at firstname.lastname@example.org; @MauroOrru94
(END) Dow Jones Newswires
January 09, 2020 13:05 ET (18:05 GMT)
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