In what is expected to be one of the biggest real estate deals on the German market this year, Deutsche Wohnen AG is vying to buy LEG Immobilien AG. The deal values LEG at about €4.6bn, with Deutsche Wohnen offering 3.3 of its own shares per LEG share, a price that’s 13 percent above LEG’s Friday close. Deutsche Wohnen AG could face competition from Vonovia, however, which is reportedly considering an offer. Vonovia has tripled its market value following a two-year acquisition spree. The company owns 370,000 homes worth €21bn.
