December 18, 2017 / 8:23 AM / 5 months ago

Buwog agrees to be taken over by Vonovia in $6.1 billion deal

FRANKFURT, Dec 18 (Reuters) - Real estate group Buwog has agreed to be taken over by Germany’s Vonovia in a cash deal valuing the Austrian firm at 5.2 billion euros ($6.12 billion), the two companies said on Monday.

Buwog shareholders are to be offered 29.05 euros per share under the offer, details of which are to be announced in February. ($1 = 0.8490 euros) (Reporting by Maria Sheahan; Editing by Victoria Bryan)

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