A PYMNTS Company

Germany: Watchdog okays real estate buyout

By  |  September 2, 2013

Germany’s Federal Cartel Office has reportedly cleared the acquisition of real estate firm GSW Immobilien by property developer Deutsche Wohen, the involved parties announced Friday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Reports value the exchange at more than $2.3 billion. Despite the clearance, the transaction remains subject to shareholder approval.

    Deutsche Wohen first announced its agenda to acquire the company last month. In a statement, the company says the deal will result in a top residential property firm including a portfolio of about 150,000 units.

    Full Content: RTT News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.