United Internet is planning to combine its 1&1 Telecommunication SE business with Drillisch AG by a contribution in kind. The transaction will be executed in two steps. In the first step, Drillisch will acquire a 7.75% stake in 1&1 Telecommunications SE by issuing 9.1m new shares from the authorised capital (capital increase by contribution in kind). Assuming a share price of €50 the total capital increase will be worth €455m. The remaining stake of 92.25% in 1&1 Telecom
15 May 2017
A deal well thought of!
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A deal well thought of!
United Internet AG (UTDI:WBO) | 0 0 0.9% | Mkt Cap: 11,419m
- Published:
15 May 2017 -
Author:
Heinz Steffen -
Pages:
3
United Internet is planning to combine its 1&1 Telecommunication SE business with Drillisch AG by a contribution in kind. The transaction will be executed in two steps. In the first step, Drillisch will acquire a 7.75% stake in 1&1 Telecommunications SE by issuing 9.1m new shares from the authorised capital (capital increase by contribution in kind). Assuming a share price of €50 the total capital increase will be worth €455m. The remaining stake of 92.25% in 1&1 Telecom