Vonovia Will Hold 95.4% of Hembla After End of Extended Offer Period
09 Januar 2020 - 7:20PM
Dow Jones News
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 mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
January 09, 2020 13:05 ET (18:05 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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