Swedish property company Hembla AB (publ) applied to delist its shares from Nasdaq Stockholm pursuant to a request made by Vonovia SE.
The Germany-based residential real estate investor also requested a compulsory acquisition of the remaining shares not tendered under its takeover offer for Hembla.
Vonovia now holds roughly 95.3% of the total voting rights and about 94.1% of the share capital in Hembla after the end of the initial acceptance period for its offer.
Hembla said it will remain an independent brand following Vonovia's acquisition. Hembla CFO and Chief Investment Officer Jonas Andersson and Jenny Wärmé, head of legal and corporate affairs, will depart the company in early 2020 to pursue new opportunities.