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Vonovia
Vonovia is a German real estate company based in Bochum, North Rhine-Westphalia. Its history goes back to Deutsche Annington, which merged with GAGFAH and was subsequently renamed Vonovia. The company currently owns around 400,000 apartments in Germany, Sweden, and Austria, making it a significant market player in these countries. Vonovia is a member of the DAX 40 and STOXX Europe 600 blue-chip indexes. History Early years At the end of the 1990s, the German government decided to privatize railway workers' homes as part of the railway reform. The Japanese financial group Nomura Holdings and its subsidiary Deutsche Annington (named after Annington Homes from Great Britain) sought to acquire them. After years of negotiations, the company finally received a significant share in 2000. The company responded to criticism of the sale with extensive exclusive rights, such as a lifetime right of residence and a restriction on rent increases. Besides, tenants were allowed to purc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rolf Buch
Rolf Eberhard Buch (born 2 April 1965) is a German business executive. In 2013, he was appointed CEO of the real estate company Deutsche Annington, which, following the takeover of GAGFAH in the year 2015, was renamed Vonovia. Previously, Buch held an executive position at Arvato. Early life and education Buch was born in Weidenau near Siegen. At age three, his family moved to the Kettwig district in the city of Essen. After completing his secondary education ("Abitur"), Buch studied mechanical engineering and business administration at the RWTH Aachen University and received his engineering degree in 1990. Career Bertelsmann in 1991, Buch began his career in the print and industrial division of Bertelsmann, which was later renamed Arvato. After serving in various positions in sales and marketing of domestic and foreign subsidiaries, he became a member of the executive board of Arvato in 2002. Under his leadership, the international services business grew into a key reve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bochum
Bochum ( , also , ; wep, Baukem) is a city in North Rhine-Westphalia. With a population of 364,920 (2016), is the sixth largest city (after Cologne, Düsseldorf, Dortmund, Essen and Duisburg) of the most populous German federal state of North Rhine-Westphalia and the 16th largest city of Germany. On the Ruhr Heights (''Ruhrhöhen'') hill chain, between the rivers Ruhr to the south and Emscher to the north (tributaries of the Rhine), it is the second largest city of Westphalia after Dortmund, and the fourth largest city of the Ruhr after Dortmund, Essen and Duisburg. It lies at the centre of the Ruhr, Germany's largest urban area, in the Rhine-Ruhr Metropolitan Region, and belongs to the region of Arnsberg. Bochum is the sixth largest and one of the southernmost cities in the Low German dialect area. There are nine institutions of higher education in the city, most notably the Ruhr University Bochum (''Ruhr-Universität Bochum''), one of the ten largest universities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GAGFAH
GAGFAH (''Gemeinnützige Aktiengesellschaft für Angestellten-Heimstätten'') was a Luxembourg-based realty company. It owned a portfolio of more than 145,000 rental units in Germany, particularly concentrated in Dresden and Berlin. Around 28% of the company was owned by various funds managed by the Fortress Investment Group. In 2015, GAGFAH merged with Deutsche Annington and was renamed Vonovia Vonovia is a German real estate company based in Bochum, North Rhine-Westphalia. Its history goes back to Deutsche Annington, which merged with GAGFAH and was subsequently renamed Vonovia. The company currently owns around 400,000 apartments .... References External links * Real estate companies of Luxembourg {{Germany-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rheinische Post
''Rheinische Post'' is a major German regional daily newspaper published since 1946 by the ''Rheinische Post Verlagsgesellschaft GmbH'' company, and headquartered in Düsseldorf. The Post is especially dominant in the western part of North Rhine-Westphalia. The Post's online platforms are called RP ONLINE and Tonight.de. History and profile ''Rheinische Post'' is one of the allied new foundations in the post-World War II era. NSDAP-opponents Karl Arnold, Anton Betz, Erich Wenderoth and (soon resigned) Friedrich Vogel received a British newspaper license. The newspaper was established in 1946 and belongs to the Arnold, Betz, Droste, Alt and Ebel families. It is part of the ''Rheinische Post Mediengruppe'' which also owns newspapers like the ''Saarbrücker Zeitung'', the ''Lausitzer Rundschau'' or the ''Trierischer Volksfreund''. The core distribution area stretches from the Bergischen Land to the Dutch border. There are 31 local editions, among them other regional newspapers, l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Annington Homes
Annington Homes is a provider of privately rented homes in the United Kingdom, specialising in converting former Ministry of Defence (MoD) housing for the general public since 1996. Since 2012, the company has been a wholly owned subsidiary of Terra Firma Capital Partners. In 1996, the MoD sold all its housing for military personnel and their families, 57,400 properties, to Annington Homes for £1.67bn as part of a broader process of privatisation of state assets, making Annington the largest owner of residential property in England and Wales. Annington Homes had been established earlier that year as a shell company by Nomura Holdings; Nomura's Guy Hands played a central role in the deal. The MoD lacked funds to maintain the properties, and intended to rent the homes from Annington at a discounted rate, while allowing the company to sell homes the armed forces no longer required. The rent per house paid by the MoD nearly doubled between 1997 and 2016, and in 2016 the MoD paid d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million ( US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Der Tagesspiegel
''Der Tagesspiegel'' (meaning ''The Daily Mirror'') is a German daily newspaper. It has regional correspondent offices in Washington D.C. and Potsdam. It is the only major newspaper in the capital to have increased its circulation, now 148,000, since reunification. ''Der Tagesspiegel'' is a liberal newspaper that is classified as centrist media in the context of German politics. History and profile Founded on 27 September 1945 by Erik Reger, Walther Karsch and Edwin Redslob, ''Der Tagesspiegel'' main office is based in Berlin at Askanischer Platz in the locality of Kreuzberg, about from Potsdamer Platz and the former location of the Berlin Wall. For more than 45 years, ''Der Tagesspiegel'' was owned by an independent trust. In 1993, in response to an increasingly competitive publishing environment, and to attract investments required for technical modernisation, such as commission of a new printing plant, and improved distribution, it was bought by the Georg von Holtzbr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allianz
Allianz ( , ) is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. The company is one of the world's largest insurers and financial services groups. The company is a component of the Euro Stoxx 50 stock market index. Its asset management division, which consists of PIMCO, Allianz Global Investors and Allianz Real Estate, has €2,432 billion of assets under management (AuM), of which €1,775 billion are third-party assets (Q1 2021). Allianz sold Dresdner Bank to Commerzbank in November 2008. History Foundation ''Allianz AG'' was founded in Berlin on 5 February 1890 by then-director of the ''Munich Reinsurance Company'' Carl von Thieme (a native of Erfurt, whose father was the director of the insurance company ''Thuringia'') and Wilhelm von Finck (co-owner of the ''Merck Finck & Co. Bank''). The joint company was listed in Berlin's trade register under the name ''A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terra Firma Capital Partners
Terra Firma Capital Partners Ltd. (TFCP) is a UK-based private equity firm. Financier Guy Hands founded the firm in 2002 through the spin-off of Nomura Principal Finance Group. The firm, which traces its roots to the formation of its predecessor in 1994, has invested over €14 billion since inception. Terra Firma invests across a range of sectors and has focused on leveraged buyouts of large, asset-rich businesses, often with complex structural or regulatory issues. The firm often targets under-performing businesses in need of strategic, operational, or management change. Terra Firma is headquartered in London with offices in Guernsey and Beijing. It has a staff of over 90 employees. History 1994–2006: Founding and early history Terra Firma (solid Earth) traces its origins to 1994 when Guy Hands formed Nomura Principal Finance Group, which focused on European private equity investments. Hands joined Nomura after three other banks, including his previous employer Goldma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frankfurter Allgemeine Zeitung
The ''Frankfurter Allgemeine Zeitung'' (; ''FAZ''; "''Frankfurt General Newspaper''") is a centre-right conservative-liberal and liberal-conservativeHans Magnus Enzensberger: Alter Wein in neuen Schläuchen' (in German). ''Deutschland Radio'', 16 October 2007 German newspaper founded in 1949. It is published daily in Frankfurt. Its Sunday edition is the ''Frankfurter Allgemeine Sonntagszeitung'' (; ''FAS''). The paper runs its own correspondent network. Its editorial policy is not determined by a single editor, but cooperatively by four editors. It is the German newspaper with the widest circulation abroad, with its editors claiming the newspaper is delivered to 148 countries. History The first edition of the ''F.A.Z.'' appeared on 1 November 1949; its founding editors were Hans Baumgarten, Erich Dombrowski, Karl Korn, Paul Sethe and Erich Welter. Welter acted as editor until 1980. Some editors had worked for the moderate ''Frankfurter Zeitung'', which had been banned in 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
