Cartel office approves Vonovia's Deutsche Wohnen buy

December 7, 2015 9:47 AM

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VIENNA Dec 7 Germany's cartel office has approved property company Vonovia's planned 14 billion-euro ($15 billion) hostile bid for smaller peer Deutsche Wohnen, it said on Monday.

Vonovia is Germany's biggest residential property company and Deutsche Wohnen is the second, together owning about half of the million apartments held by listed landlords.

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