DGAP-News: Vonovia SE / Key word(s): Mergers & Acquisitions 
Vonovia SE: BaFin clears Vonovia for prompt public takeover offer to Deutsche Wohnen shareholders (news with additional 
features) 
2021-08-05 / 15:04 
The issuer is solely responsible for the content of this announcement. 
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JURISDICTION. 
 
BaFin clears Vonovia for prompt public takeover offer to Deutsche Wohnen shareholders 
Bochum, 5 August 2021 - The German Federal Financial Supervisory Authority ("BaFin") (Bundesanstalt für 
Finanzdienstleistungsaufsicht) has today granted Vonovia SE ("Vonovia") clearance for a new public takeover offer to 
the shareholders of Deutsche Wohnen SE ("Deutsche Wohnen") in the near future. 
Vonovia previously announced a voluntary public takeover offer to the shareholders of Deutsche Wohnen on 23 June 2021. 
However, this offer did not reach the minimum acceptance threshold of 50%. 
In such a case, a new public takeover offer within one year of the end of the acceptance period is only permitted if 
the target company consents and if BaFin grants an exemption from the one year blocking period. Deutsche Wohnen had 
already provided its consent in the new Business Combination Agreement. 
Vonovia will now immediately submit a new offer document to BaFin for review and, once approved, present it to the 
shareholders. The new public offer to the shareholders of Deutsche Wohnen is expected to be submitted before the end of 
August. 
 
About Vonovia 
Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 415,000 
residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,500 
apartments. Its portfolio is worth approximately ? 59.0 billion. As a modern service provider, Vonovia focuses on 
customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a 
prerequisite for the company's successful development. Therefore, Vonovia makes long-term investments in the 
maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more 
new apartments by realizing infill developments and adding to existing buildings. 
The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia 
has been a constituent in the DAX 30 and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of 
additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX 
Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 
250 World. Vonovia has a workforce of more than 10,000 employees. 
Additional Information: 
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange 
ISIN: DE000A1ML7J1 
WKN: A1ML7J 
Common code: 094567408 
Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court, HRB 16879 
Business address of Vonovia SE: Universitaetsstrasse 133, 44803 Bochum, Germany 
Important information: 
This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in Deutsche Wohnen SE 
("Deutsche Wohnen"). The final terms and further provisions regarding the takeover offer will be in the offer document 
once its publication has been approved by the German Federal Financial Supervisory Authority (Bundesanstalt für 
Finanzdienstleistungsaufsicht). Vonovia SE reserves the right to deviate from the basic terms presented herein in the 
final terms and provisions. Investors and holders of Deutsche Wohnen Shares are strongly recommended to read the offer 
document and all other documents in connection with the public takeover offer as soon as they are published, as they 
will contain important information. 
Subject to the exceptions described in the offer document and any exceptions granted by the relevant regulatory 
authorities, a public takeover offer is not being made directly or indirectly, in or into those jurisdictions where to 
do so would constitute a violation pursuant to the laws of such jurisdiction. 
The offer is being made for the securities of a German company and is subject to German disclosure requirements, which 
are different from those of the United States. The offer will be made in the United States pursuant to the applicable 
US tender offer rules and otherwise in accordance with the requirements of German law. Accordingly, the offer will be 
subject to disclosure and other procedural requirements, including with respect to withdrawal rights, offer timetable, 
settlement procedures and timing of payments, that are different from those applicable under US domestic tender offer 
procedures and law. 
The receipt of cash pursuant to the offer by a US holder of Deutsche Wohnen Shares may be a taxable transaction for US 
federal income tax purposes and under applicable state and local, as well as foreign and other tax laws. Each holder of 
Deutsche Wohnen Shares is urged to consult his independent professional advisor immediately regarding the tax 
consequences of acceptance of the offer. 
It may be difficult for US holders of Deutsche Wohnen Shares to enforce their rights and claims arising out of the US 
federal securities laws, since Vonovia SE and Deutsche Wohnen SE are located in a country other than the United States, 
and some or all of their officers and directors may be residents of a country other than the United States. US holders 
of Deutsche Wohnen Shares may not be able to sue a non-US company or its officers or directors in a non-US court for 
violations of the US securities laws. Further, it may be difficult to compel a non-US company and its affiliates to 
subject themselves to a US court's judgement 
To the extent permissible under applicable law or regulation, and in accordance with German market practice, Vonovia SE 
or its brokers may purchase, or conclude agreements to purchase, Deutsche Wohnen Shares, directly or indirectly, 
outside of the scope of the public takeover offer, before, during or after the acceptance period. This applies to other 
securities that are directly convertible into, exchangeable for, or exercisable for Deutsche Wohnen Shares. These 
purchases may be completed via the stock exchange at market prices or outside the stock exchange at negotiated 
conditions. Any information on such purchases will be disclosed as required by law or regulation in Germany or any 
other relevant jurisdiction. 
If any announcements in this document contain forward-looking statements, such statements do not represent facts and 
are characterized by the words "will", "expect", "believe", "estimate", "intend", "aim", "assume" or similar 
expressions. Such statements express the intentions, opinions or current expectations and assumptions of Vonovia SE. 
Such forward-looking statements are based on current plans, estimates and forecasts which Vonovia SE has made to the 
best of its knowledge, but which do not claim to be correct in the future (in particular where such forward looking 
information is in relation to matters outside the control of Vonovia SE. Forward-looking statements are subject to 
risks and uncertainties that are difficult to predict and usually cannot be influenced by Vonovia SE. It should be kept 
in mind that the actual events or consequences may differ materially from those contained in or expressed by such 
forward-looking statements. It is possible that Vonovia SE will change its intentions and assumptions reflected in the 
documents and announcements or in the yet to be published offer document after the publication of these documents, 
announcements or the offer document. 
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Additional features: 
File: 210805_BaFin clears Vonovia for prompt public takeover offer to Deutsche Wohnen shareholders 
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2021-08-05 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 
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Language:     English 
Company:      Vonovia SE 
              Universitätsstraße 133 
              44803 Bochum 
              Germany 
Phone:        +49 234 314 1609 
Fax:          +49 234 314 2995 
E-mail:       investorrelations@vonovia.de 
Internet:     www.vonovia.de 
ISIN:         DE000A1ML7J1 
WKN:          A1ML7J 
Indices:      DAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1224424 
 
End of News   DGAP News Service 
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1224424 2021-08-05

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August 05, 2021 09:05 ET (13:05 GMT)