More acquisitions to come as Deutsche Wohnen closes rights issue

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More acquisitions to come as Deutsche Wohnen closes rights issue

German residential property group Deutsche Wohnen on Tuesday sold unsubscribed shares to a handful of long-only investors and hedge funds, drawing to a close its €461.1m rights issue and paving the way for a string of strategic acquisitions in a bid to expand its share of the German real estate market.

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