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Vonovia SE will control Deutsche Wohnen SE through a share exchange deal, pending shareholder approval.
Vonovia SE and Deutsche Wohnen SE have agreed on a domination and profit and loss transfer deal, with Vonovia as the controlling entity.
The exchange ratio for shares is set at 0.7947 Vonovia shares for each Deutsche Wohnen share, and a fixed annual payment of €1.22 per Deutsche Wohnen share will be made.
The agreement requires approval from both companies' shareholders and entry in Deutsche Wohnen's commercial register.
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Vonovia SE controlará Deutsche Wohnen SE a través de un acuerdo de intercambio de acciones, en espera de la aprobación del accionista.