Ad hoc announcement acc. to Sec. 15 WpHG: United Internet to become largest shareholder of Tele Columbus AG
Montabaur, February 10, 2016. Via its subsidiary United Internet Ventures AG, United Internet AG today contractually secured the acquisition of a share package amounting to approx. 15.31% of shares in Tele Columbus AG, Berlin, Germany. The closing of the acquisition is subject to approval by the German anti-trust authority (“Bundeskartellamt”).
If the acquisition is approved, United Internet AG would have a total indirect shareholding – together with further shares acquired in the course of today – of 25.11% in Tele Columbus AG.
United Internet believes that Tele Columbus AG is a well positioned company with attractive market opportunities and will accompany the company’s ongoing development as a strategic investor and benefit from its growth in value.
United Internet AG does not, however, currently intend to acquire an equity stake of 30% or more in Tele Columbus AG – which would oblige it to submit a mandatory bid to all other shareholders of Tele Columbus AG – nor to make a voluntary takeover bid.