Comment in relation to the completion of Vonovia’s acquisition of shares in Hembla and Vonovia’s mandatory cash offer to the shareholders of Hembla
On 23 September 2019, Hembla AB (publ) (“Hembla”) announced that they had been informed that Vonovia SE, through its indirectly wholly-owned subsidiary HomeStar InvestCo AB (“Vonovia”), had entered into an agreement with Hembla’s largest shareholder Vega Holdco S.à r.l., an entity wholly owned by real estate funds advised by The Blackstone Group Inc. (“Blackstone”), whereby Vonovia acquired Blackstone’s shares in Hembla. Hembla notes that Vonovia today, on 7 November 2019, has announced that the acquisition of shares has been completed and that Vonovia now holds 71.69% of the votes and