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    DWNI   DE000A0HN5C6

DEUTSCHE WOHNEN SE

(DWNI)
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PRESS RELEASE: Deutsche Wohnen SE: Voluntary public takeover offer by Vonovia likely not successful

07/23/2021 | 01:11pm EDT
DGAP-News: Deutsche Wohnen SE / Key word(s): Mergers & Acquisitions/Merger 
Deutsche Wohnen SE: Voluntary public takeover offer by Vonovia likely not successful 
2021-07-23 / 19:10 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Corporate News 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO 
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. 
 
Minimum acceptance level not reached according to current estimate 
Voluntary public takeover offer by Vonovia likely not successful 
  . Minimum acceptance level of at least 50 percent will likely not be reached according to current estimate 
  . Deutsche Wohnen has taken notice of the shareholders' decision and will analyse the situation accordingly 
Berlin, July 23, 2021. Today, Deutsche Wohnen SE ("Deutsche Wohnen") has been informed that the takeover offer by 
Vonovia SE ("Vonovia") published on June 23, 2021 will likely not be successful. The minimum acceptance level of at 
least 50 percent of the Deutsche Wohnen shares issued at the time of the expiry of the acceptance period will not be 
reached according to the current estimate. Deutsche Wohnen has taken notice of the shareholders' decision and will 
analyse the situation and the next steps accordingly. 
"We have supported Vonovia's offer and welcomed a business combination in partnership. The challenges on the real 
estate market could be shouldered even better together. Nevertheless, we at Deutsche Wohnen are in an excellent 
strategic position to continue our successful course", says Michael Zahn, CEO of Deutsche Wohnen. 
The outcome of the takeover offer will have no effect on the outlook for 2021. The Executive Board anticipates 
unchanged solid progress for the financial year 2021 and expects a stable FFO I at the same level as the previous year 
and further NAV growth. 
Regardless of the outcome of the takeover offer, Deutsche Wohnen remains committed to the "Future and Social Housing 
Pact" agreed jointly with Vonovia and the State of Berlin. Among other things, it includes a limitation of rent 
increases until 2026 and an enforcement of new construction in Berlin. Negotiations with the Berlin Senate on the sale 
of a significant number of apartments from the portfolio will be continued. 
 
Important Notice 
This publication is neither an offer to sell nor a solicitation to buy securities. 
To the extent that this document contains forward-looking statements, these are not facts and are recognisable by such 
words as 'will', 'expect', 'believe', 'estimate', 'intend', 'endeavour', 'assume' and similar expressions. These 
statements express the intentions, opinions or current expectations and assumptions of Deutsche Wohnen and the 
individuals acting in concert with it. The forward-looking statements are based on current plans, estimates and 
forecasts that Deutsche Wohnen and the individuals acting in concert with it have made to the best of their knowledge, 
but do not make any claims as to their future accuracy. Forward-looking statements are subject to risks and 
uncertainties that are generally difficult to predict and are usually not within the control of Deutsche Wohnen or the 
individuals acting in concert with it. It should be remembered that the actual results or consequences may differ 
considerably from those mentioned or contained in the forward-looking statements. 
 
Deutsche Wohnen 
Deutsche Wohnen is one of the leading publicly listed residential property companies in Europe. The business focus of 
the company is on managing its own portfolio of residential properties in dynamic metropolitan regions and conurbations 
in Germany. Deutsche Wohnen sees itself as having both a social responsibility and a duty to maintain and newly develop 
good-quality and affordable housing in vibrant residential neighbourhoods. As of 31 March 2021, the portfolio comprised 
a total of around 157,500 units, of which 154,600 were residential and 2,900 commercial units. Deutsche Wohnen SE is 
listed in the Deutsche Börse's DAX and is also included in the leading indices EPRA/NAREIT, STOXX Europe 600, GPR 250 
and DAX 50 ESG. 
Contact: 
Phone +49 (0)30 897 86-5413 
Fax +49 (0)30 897 86-5419 
ir@deutsche-wohnen.com 
=---------------------------------------------------------------------------------------------------------------------- 
2021-07-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Deutsche Wohnen SE 
              Mecklenburgische Straße 57 
              14197 Berlin 
              Germany 
Phone:        +49 (0)30 89786-5413 
Fax:          +49 (0)30 89786-5419 
E-mail:       ir@deutsche-wohnen.com 
Internet:     https://www.deutsche-wohnen.com 
ISIN:         DE000A0HN5C6 
WKN:          A0HN5C 
Indices:      DAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1221430 
 
End of News   DGAP News Service 
=------------ 

1221430 2021-07-23

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1221430&application_name=news 
 

(END) Dow Jones Newswires

July 23, 2021 13:10 ET (17:10 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DAX 0.89% 15643.97 Delayed Quote.14.03%
DEUTSCHE WOHNEN SE 0.00% 52.92 Delayed Quote.21.13%
VONOVIA SE 0.22% 54.22 Delayed Quote.-9.27%
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Analyst Recommendations on DEUTSCHE WOHNEN SE
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Financials
Sales 2021 856 M 1 005 M 1 005 M
Net income 2021 958 M 1 125 M 1 125 M
Net Debt 2021 11 582 M 13 598 M 13 598 M
P/E ratio 2021 16,4x
Yield 2021 1,90%
Capitalization 18 195 M 21 353 M 21 362 M
EV / Sales 2021 34,8x
EV / Sales 2022 34,2x
Nbr of Employees 1 339
Free-Float 59,7%
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Mean consensus HOLD
Number of Analysts 13
Last Close Price 52,92 €
Average target price 51,60 €
Spread / Average Target -2,50%
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Managers and Directors
Michael Zahn Chief Executive Officer
Philip Grosse Chief Financial Officer
Matthias HŘnlein Chairman-Supervisory Board
Lars Urbansky Chief Operating Officer
Dirk Sonnberg Managing Director-Legal & Compliance
Sector and Competitors