German residential property company Deutsche Wohnen said it plans to raise EUR 250 mln through a rights issue. The capital raise has yet to be approved by shareholders at an extraordinary meeting.
German residential property company Deutsche Wohnen said it plans to raise EUR 250 mln through a rights issue. The capital raise has yet to be approved by shareholders at an extraordinary meeting.
The company, which has a market capitalisation of EUR 270 mln, said the number of new shares to be issued would depend on market circumstances.
Deutsche Wohnen, the country's second-largest publicly traded residential landlord in the SDAX, hopes to complete the exercise in the second half of 2009.
