euro adhoc: other
United Internet acquires stake in Versatel AG
28.11.2007 – 22:17
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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