Can there even be a squeeze out if there is a Joint Venture that controls 20%? Can the JV and Vonovia both vote for a squeeze out of remaining shareholders if they control 95% together or can a squeeze out only happen if one single company controls 95%?
Can there be a squeeze out of shareholders in the 95% scenario and the company (Deutsche Wohnen) keeps existing so that the JV setup works?
Can you add a line in the table which shows the ratio of adjusted EBT per share between Dt. Wohnen and Vonovia so that possible exchange ratios become visible and give a very rough indication for some years before? What is your assessment? Do you think the substantially higher adjusted EBT of Vonovia in the last couple of yours is concerning?