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Vonovia's Deutsche Wohnen acquisition cleared in Germany

( June 28, 2021, 20:03 GMT | Official Statement) -- MLex Summary: German real-estate giant Vonovia has received Bundeskartellamt approval for its acquisition of Deutsche Wohnen, the competition authority said today. The office closely investigated the different regional housing markets, with the acquirer based in the Ruhrgebiet and the target based in Berlin. But it found that the companies' joint market shares “don't justify a prohibition under competition law,” said office head Andreas Mundt.Statement follows. ...

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