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Deutsche Wohnen: Difference between revisions
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May 23, 2023: Activist investor Elliott wants shareholders to install an independent investigator to look into the 2 billion euros loan that Deutsche Wohnen advanced to Vonovia in January 2022. Elliot wants to find out if the loan was in the best interest of shareholders<ref>https://www.reuters.com/business/elliott-seeks-investigation-into-loan-by-deutsche-wohnen-vonovia-2023-05-22/</ref>. | May 23, 2023: Activist investor Elliott wants shareholders to install an independent investigator to look into the 2 billion euros loan that Deutsche Wohnen advanced to Vonovia in January 2022. Elliot wants to find out if the loan was in the best interest of shareholders<ref>https://www.reuters.com/business/elliott-seeks-investigation-into-loan-by-deutsche-wohnen-vonovia-2023-05-22/</ref>. | ||
== Control by Vonovia == | |||
On October 2021, Vonovia acquired '''87.6% of the voting rights of Deutsche Wohnen'''<ref>https://www.eqs-news.com/news/corporate/vonovia-se-takeover-bid-successful-vonovia-secures-around-87-6-of-the-voting-rights-of-deutsche-wohnen-in-total/1483042</ref>'''.''' Here is what it implies. | |||
==== According to Moody's ==== | |||
* Deutsche Wohnen's credit profile will be affected by changes in Vonovia's credit profile due to "control by and operational integration into Vonovia."<ref>https://www.moodys.com/research/Moodys-affirms-Deutsche-Wohnens-A3-rating-and-changes-outlook-to-Rating-Action--PR_460192</ref> | |||
* Financial metrics will be stronger for Deutsche Wohnen | |||
== References == | == References == | ||