Released on 26.10. 2021 A high-rise in the Hamburg district of Steilshoop. Photo: Jonas Walzberg Already heard? You can now also have your messages read out to you. To do this, simply click on the play symbol in any article or add the article to your personal playlist using the plus symbol and listen to it later. Listen to the article: Vonovia has cemented its supremacy at Deutsche Wohnen. The Bochum housing giant now holds almost 87 percent of the shares of the former competitor. Bochum \/ Berlin (dpa) - Germany's largest real estate group Vonovia is expanding its power at Deutsche Wohnen. The group has again been able to collect shares in the previous number two in the industry and will hold after the second acceptance period 87, 6 percent, as Vonovia announced on Tuesday. The Bochum-based group recently successfully acquired a majority stake in Deutsche Wohnen in the third attempt. This creates a European real estate giant with around 568. 000 Apartments especially in Germany. \u00abWe can now join forces with the great social and tackle social challenges in the housing market, \u201dsaid Vonovia boss Rolf Buch according to a press release. Vonovia has proven many times that managing a larger number of apartments can produce significant advantages that benefit all shareholders. "We stand by our responsibility to work together with politicians on specific solutions for affordable and climate-friendly living space," he emphasized. Buch had 2016 started a first takeover attempt, at that time against the will of the Deutsche Wohnen management. At the second attempt this year, he was able to get the Berlin company's management board and supervisory board on board, but not enough shareholders. You offered too few shares. For the third attempt Vonovia increased the offer to 53 euros per share. Because Buch also dropped several conditions for the offer, there was ultimately no doubt that the takeover would succeed. The hedge fund Davidson Kempner, who wanted to stop the takeover, had to surrender. The deal is particularly controversial in Berlin, where Deutsche Wohnen is around 114. 000 Apartments belong. In order to appease critics, Vonovia boss Buch had announced, among other things, a limit on regular rent increases in the capital to 2026. In addition, Deutsche Wohnen and Vonovia have in Berlin 14. 750 Apartments sold for almost 2.5 billion euros to three state-owned companies. The days of the real estate company Deutsche Living in the Dax is counted. The takeover of 53, 6 percent of the voting rights, according to the expert Luca Thori\u00dfen from the investment bank Stifel Europe, is sufficient not for leaving the German benchmark index this week. But if the proportion of freely tradable Deutsche Wohnen shares should fall below ten percent before the end of November, things could happen quickly. As soon as the time comes, the share would have to leave the Dax two full trading days later. "Otherwise it should take until the index review by Deutsche B\u00f6rse in December," said Thori\u00dfen.