Hembla’s independent committee appoints advisors for Vonovia’s potential mandatory offer

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On 23 September 2019, Hembla AB (publ) (“Hembla”) announced that they had been informed that Vonovia SE, through its wholly-owned subsidiary HomeStar InvestCo AB (“Vonovia”), has entered into an agreement with Hembla’s largest shareholder Vega Holdco S.à r.l., an entity wholly owned by real estate funds advised by The Blackstone Group Inc. (“Blackstone”), whereby Vonovia acquires approximately 69.30% of the voting rights and approximately 61.19% of the share capital in Hembla. Through the completion of the transaction, which is still subject to clearance by the merger control authorities,

Source: Hembla’s independent committee appoints advisors for Vonovia’s potential mandatory offer

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