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Germany’s largest residential real-estate company, Vonovia, aims to bring its subsidiary Deutsche Wohnen even closer, the goal being a domination and profit transfer agreement, the companies announced on Wednesday evening. Outside shareholders of Deutsche Wohnen are to sell their shares in exchange for newly issued Vonovia shares, they said. Additionally, an annual compensation payment is planned for the duration of the agreement. The exact details are yet to be determined, it was further stated. Extraordinary general meetings of Vonovia and Deutsche Wohnen are expected to formalize the move i…

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