BERLIN (Reuters) – Vonovia will no longer need cash flow to relieve its balance sheets after officially initiating a change of strategy with the presentation of nine-month figures next month, the property company’s chief executive told Handelsblatt newspaper.
Germany’s largest real estate group will present the results on Nov. 6. “After that, we will no longer need the cash flow to relieve the balance sheet,” CEO Rolf Buch told Handelsblatt.
(Writing by Miranda Murray; Editing by Madeline Chambers)