Gewobag acquires almost 6,000 apartments in Berlin for €920m

Gewobag Wohnungsbau-Aktiengesellschaft Berlin (Gewobag) has purchased 23 properties with almost 6,000 apartments from Ado Properties S.A. (ADO). Gewobag acquires 100 percent of the shares of Ado subsidiaries. The purchase price amounts to €920m. The share purchase agreement is subject to customary closing conditions, including merger control approval. The transaction is…