Versatel AG

EANS-Adhoc: Versatel AG
Envisaged Takeover Offer for Versatel AG

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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Company Information/Intention of takeover

19.05.2011

Duesseldorf, 19 May 2011 - Today, Versatel AG was informed that the VictorianFibre Holding GmbH, a holding company controlled by funds advised by Kohlberg Kravis Roberts & Co. L.P. (together with affiliates, "KKR"), intends to launch an all cash voluntary public takeover offer for all outstanding shares of Versatel AG against the payment of a cash consideration in the amount of the volume weighted average stock exchange price of the Versatel share during the last three months as determined by BaFin. The offer price, however, will be no less than EUR 6.70 per share. The main shareholders of Versatel, Vienna II S.à.r.l. i.L., a company advised by Apax Partners LLP, Cyrte Investments BV and United Internet AG, who together hold approximately 92 per cent of the shares in Versatel AG, have previously entered into a binding agreement with KKR and agreed to sell their shareholdings at the price of EUR 5.50 per share.

With regard to the envisaged takeover offer, the Management Board of Versatel AG has concluded an agreement with KKR, in which the cornerstones of the transaction and the future basis of Versatel AG are described, also in respect of the financing of the company.

The completion of the takeover offer will, among others, be subject to the approval of the competent merger control authorities.

end of announcement                               euro adhoc
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issuer:      Versatel AG
          Aroser Allee 72
          D-13407 Berlin
mail:     ir@versatel.de
WWW:      http://www.versatel.de
sector:      Telecommunications
ISIN:        DE000A0M2ZK2
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English 

Contact:

Andrea Winzen
Investor Relations
Tel.: +49 (0) 211-52283124
E-Mail: andrea.winzen@versatel.de

Branche: Telecommunications
ISIN: DE000A0M2ZK2
WKN: A0M2ZK
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard


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