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Vonovia Writes Down Portfolio by 4.4% and Reports €2 Billion Loss in First Quarter

Writedown Follows 3.9% Value Fall at End of Last Year
Vonovia headquarters in Bochum. (Vonovia)
Vonovia headquarters in Bochum. (Vonovia)

Vonovia has further written down the value of its portfolio. At the end of the first quarter of 2023, the company wrote down the value by 4.4% following a 3.9% writedown at the end of last year.

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