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Deutsche Wohnen:Minority shareholder buyout (DPLTA): Difference between revisions
Deutsche Wohnen:Minority shareholder buyout (DPLTA) (view source)
Revision as of 15:37, 20 September 2024
, 20 September 2024→Past DPLTA Real Estate Actions In Germany
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* Using the income approach, an independent expert established that the enterprise value of Deutsche Wohnen was around EUR 4,392.4 million (EUR 15.35 per share) while that of GSW was around EUR 1,989.4 million (EUR 35.10 per share). This arrived at a share exchange ratio of 1:2.29. The expert also established that the weighted average price for the three months before announcement of DPLTA on March 7, 2024 was EUR 29.54 for GSW Immobilien AG shares and EUR 14.46 for Deutsche Wohnen AG shares, a ratio of 1:2.04. As a result, the first ratio was used as stipulated in the German securities act. | * Using the income approach, an independent expert established that the enterprise value of Deutsche Wohnen was around EUR 4,392.4 million (EUR 15.35 per share) while that of GSW was around EUR 1,989.4 million (EUR 35.10 per share). This arrived at a share exchange ratio of 1:2.29. The expert also established that the weighted average price for the three months before announcement of DPLTA on March 7, 2024 was EUR 29.54 for GSW Immobilien AG shares and EUR 14.46 for Deutsche Wohnen AG shares, a ratio of 1:2.04. As a result, the first ratio was used as stipulated in the German securities act. | ||
* According to CBRE,GSW Immobilien AG property portfolio valuation gain was EUR 20.6 million in 2013 versus EUR 76.4 million in 2012. | * According to CBRE,GSW Immobilien AG property portfolio valuation gain was EUR 20.6 million in 2013 versus EUR 76.4 million in 2012. | ||
* GSW Immobilien had undiluted net asset value (NAV) of EUR 30.02 in 2013, EUR 30.19 in 2012 and EUR 29.72 in | * GSW Immobilien had undiluted net asset value (NAV) of EUR 30.02 in 2013, EUR 30.19 in 2012 and EUR 29.72 in 2011 | ||
* Deutsche Wohnen had a NAV per share of EUR 13.99 in 2013 and 12.48 in 2012<ref>https://ir-api.eqs.com/media/document/791498d6-d611-432f-9c6a-9d7d6ff53dc9/assets/140414_DW_E_Finanzbericht2013_save.pdf?disposition=inline</ref>. | * Deutsche Wohnen had a NAV per share of EUR 13.99 in 2013 and 12.48 in 2012<ref>https://ir-api.eqs.com/media/document/791498d6-d611-432f-9c6a-9d7d6ff53dc9/assets/140414_DW_E_Finanzbericht2013_save.pdf?disposition=inline</ref>. | ||
* In 2015, Deutsche Wohnen raised the ratio to 3:7.079 upon the request of GSW shareholders<ref name=":0">https://www.annualreports.com/HostedData/AnnualReportArchive/d/deutsche-wohnen_2015.pdf</ref>. | * In 2015, Deutsche Wohnen raised the ratio to 3:7.079 upon the request of GSW shareholders<ref name=":0">https://www.annualreports.com/HostedData/AnnualReportArchive/d/deutsche-wohnen_2015.pdf</ref>. | ||