Vonovia sees further consolidation of German property market

May 12, 2016 8:37 AM

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DUESSELDORF, Germany May 12 Germany's biggest residential property group Vonovia expects further consolidation of the country's real estate market, its chief executive said on Thursday, adding the company was examining potential acquisition targets carefully.

Vonovia, which this year failed to take over its biggest rival Deutsche Wohnen, will not pursue other listed companies in the near future, CEO Rolf Buch told shareholders at Vonovia's annual general meeting.

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