Hembla’s independent committee appoints advisors for Vonovia’s potential mandatory offer

On 23 September 2019, Hembla AB (publ) (“Hembla”) announced that they had been informed that Vonovia SE, through its wholly-owned subsidiary HomeStar InvestCo AB (“Vonovia”), has entered into an agreement with Hembla’s largest shareholder Vega Holdco S.à r.l., an entity wholly owned by real estate funds advised by The Blackstone Group Inc. (“Blackstone”), whereby Vonovia acquires approximately 69.30% of the voting rights and approximately 61.19% of the share capital in Hembla. Through the completion of the transaction, which is still subject to clearance by the merger control authorities, an obligation for Vonovia to launch a mandatory offer in accordance with applicable takeover rules will arise.

Hembla has appointed Bank of America Merrill Lynch as financial advisor and Vinge as legal advisor and the independent committee (which consists of Patrick Forslund (chairman of the committee), Fredrik Brodin and Karolina Keyzer) has appointed Handelsbanken Capital Markets as provider of a fairness opinion regarding the potential mandatory offer.

Stockholm on 3 October 2019

Hembla AB (publ)

The independent committee

For further information, please contact

Patrick Forslund, board member and chairman of the independent committee, phone +46 720 62 60 54

The information was released for publication on 3 October 2019 at 16:00 (CEST).