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.
Ralph Dommermuth, CEO of United Internet, says: “We know Tele Columbus and its CEO Ronny Verhelst and value his successful management of the company. As a strategic investor, we plan to accompany the ongoing development of Tele Columbus AG 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.