euro adhoc: other
Change in participation agreement with Drillisch concerning
freenet AG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
29.11.2007
Change in participation agreement with Drillisch concerning freenet AG
Montabaur, November 29, 2007. In an ad hoc announcement dated September 21, 2007, United Internet AG (ISIN DE0005089031) reported that it was acquiring a 50% stake in MSP Holding GmbH, which directly holds approx. 6.01% of shares in freenet AG, Büdelsdorf, and has the right to acquire a further approx. 18.49% of freenet shares. The other 50% of MSP Holding GmbH is held by Drillisch AG.
United Internet AG and Drillisch AG have now agreed that Drillisch AG will contribute its directly held shareholding of approx. 4% in freenet AG to MSP Holding GmbH, so that it will subsequently hold more than 10% of the capital stock of freenet AG. The holding company will not exercise its right to indirectly acquire via an investment company a further approx. 18.49% of freenet shares from a third party.
With this (indirect) investment in freenet AG, United Internet continues to pursue a strategic positioning as part of the expected consolidation of the German DSL market. United Internet and Drillisch are thus keeping all options open, especially with regard to a further increase in their stake in freenet AG.
end of announcement euro adhoc 29.11.2007 02:35:54
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
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
Original content of: United Internet AG, transmitted by news aktuell