Capital News

The share capital of Deutsche Wohnen is to be increased from 15 to to 28 November against cash contributions by up to 20.5 million euros, to €102 million. With a subscription price of €9.10, €130 million of the up to €186 million gross is eamarked for reducing old lines of credit and for selective acquisitions in existing core areas and in German metropolitan regions. In a continuing positive market environment for acquisitions the second-largest publicly traded apartment company is expected to invest the entire net proceeds of the issue within the next 12 to 15 months.

Drillisch has announced it will buy back shares worth up to four percent of the subscribed capital on the stock exchange. The mobile service provider is thus taking advantage of the low share price, which temporarily fell by half in early November because of the criminal accusation made by Deutsche Telekom and the termination without notice of cooperation with Drillisch.