Vonovia plans to raise 8 billion euros in capital increase

Reuters

Published Nov 21, 2021 23:26

BERLIN (Reuters) - 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.