euro adhoc: other
United Internet acquires stake in Versatel AG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
28.11.2007
Montabaur, November 28, 2007. United Internet AG (ISIN DE0005089031) today acquired a parcel of shares in Versatel AG and now holds a total of 20.05% of the capital stock of Versatel AG, Berlin. For a part of the acquired shares, amounting to 0.55% of capital stock, the completion of the transaction is conditional on the approval of the German Federal Cartel Office. The average price per share amounts to EUR 14.46.
Prior to Versatel´s IPO, and also subsequently, United Internet had held talks with Versatel´s main shareholder with regard to acquiring an interest in the company. However, these talks did not lead to any deal.
With this equity acquisition United Internet is pursuing a strategic positioning as part of the expected further consolidation of the German DSL market. United Internet is keeping its options open, also with regard to a further increase in its stake in Versatel AG.
end of announcement euro adhoc 28.11.2007 20:31:29
Further inquiry note:
Marcus Schaps
Head of Press and Public Relations
United Internet AG
Elgendorfer Strasse 57
56410 Montabaur
Germany
Tel: +49 2602/96-1076
Fax: +49 2602/96-1013
E-mail: mschaps@united-internet.de
Internet: www.united-internet.de
Branche: Telecommunications Services
ISIN: DE0005089031
WKN: 508903
Index: TecDAX, Technologie All Share, HDAX, Midcap Market Index,
Prime All Share, CDAX
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Börse Berlin / free trade
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