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German residential property firm Vonovia buys Austria's Buwog

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The deal will increase the size of Vonovia's portfolio to almost 400,000 flats and increase its capacity for building new housing.

Frankfurt

VONOVIA, Germany's biggest residential property company, has agreed to buy Austrian counterpart Buwog in a cash deal valuing the latter at 5.2 billion euros (S$8.3 billion), the two companies said on Monday.

The deal will increase the size of Vonovia's portfolio to almost...

sentifi.com

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