Vonovia management sees no chance of takeover of Deutsche Wohnen: source
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FILE PHOTO: The new headquarters of German real estate company Vonovia SE, a member of the German DAX-30 stock market index, is pictured in Bochum, Germany, April 24, 2018, before Vonovia's annual shareholders meeting in Bochum, May 9, 2018. REUTERS/Wolfgang Rattay
MUNICH (Reuters) - Vonovia’s (VNAn.DE) management board does not see any chance at the moment of a takeover of rival Deutsche Wohnen (DWNG.DE), a source with knowledge of the matter said on Friday.
The statement follows a Bloomberg report this week that said Vonovia was weighing a takeover.
Vonovia declined to comment.
Reporting by Alexander Huebner; Writing by Tom Sims; Editing by Sabine Wollrab and Louise Heavens