German landlord Vonovia joins DAX Index after buying spree

Berlin

VONOVIA SE will this month become the first residential landlord to enter a benchmark European stocks index after a two-year acquisition spree that more than tripled its market value to almost 14 billion euros (S$22.22 billion).

Formerly known as Deutsche Annington Immobilien SE, Germany's largest property company will replace Lanxess AG in the country's DAX Index of 30 biggest publicly traded companies sta…