HEUKING advises Vonovia on the successful implementation of a scrip dividend
A HEUKING team led by Dr. Timo Piller, salaried partner in the Düsseldorf office, advised the DAX40 company Vonovia SE on the successful offering of a share dividend (scrip dividend).
Vonovia shareholders again had the choice this year between a dividend in cash and a share alternative. Within the subscription period, a dividend payment in the form of new shares was chosen for more than 35% of the dividend-bearing shares. This corresponds to a capital increase of around €356.7 million.
Vonovia SE, based in Bochum, is Europe's leading private residential real estate company. The listed company owns around 543,000 apartments in Germany, Austria, and Sweden and manages an additional 70,000 units. The portfolio value amounts to around EUR 83.6 billion.
Dr. Timo Piller has been advising Vonovia on the scrip dividend for nine years, this year for the first time on behalf of HEUKING.
Advisors to Vonovia SE
HEUKING:
Dr. Timo Piller (lead, corporate law / capital markets law / M&A), Düsseldorf
