Hogan Lovells advises COMMERZBANK AG on scrip dividend of Vonovia SE

Press releases | 07 July 2025

Led by Frankfurt-based partner Prof. Dr. Michael Schlitt, global law firm Hogan Lovells advised COMMERZBANK AG on the preparation and distribution of a scrip dividend and the related rights issue by Vonovia SE. It was the ninth time that Hogan Lovells advised COMMERZBANK as the transaction bank on a scrip dividend transaction of Vonovia SE.

The shareholders' meeting of Vonovia SE had resolved a dividend payment of EUR 1.22 per share on 28 May 2025. The shareholders were given the choice of receiving the dividend in cash or in the form of new shares of Vonovia SE. To create the new shares, Vonovia SE increased its share capital by making use of authorized capital.

35.53 per cent of the shareholders opted for the opted for the shares so that EUR 256.7m remained with the company.

Hogan Lovells advised COMMERZBANK AG in its role as financial advisor and settlement agent on all issues concerning the structuring and execution of the transaction.

Hogan Lovells team for Commerzbank AG

Prof. Dr. Michael Schlitt (Partner, Lead Partner), Mark Devlin (Counsel), Dr. Susanne Ries, LL.M. (London) (Of Counsel), Simona Gradišek (Senior Business Lawyer) (all Corporate and Capital Markets, Frankfurt);

Alex Parkhouse (Partner, US law, London).

In-house (Commerzbank AG, Frankfurt): Dr. Bernd Singhof, LL.M.