Germany company Deutsche Wohnen AG said it completed its transformation into a European company and will now be called Deutsche Wohnen SE.

The transformation became legally effective July 31, after being approved at the company's annual general meeting June 2.

The move will not affect any of the company's contractual partners, employees or shareholders. The company will remain headquartered in Germany and will continue to operate a two-tier system comprising a supervisory board and a management board.