Ad-hoc | 14 November 2012 12:39
United Internet AG / Key word(s): Miscellaneous
14.11.2012 12:39
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Montabaur, November 14, 2012. The Management Board and Supervisory Board of
United Internet AG today decided to exercise its option to purchase 25.1%
of shares in the parent company of Versatel AG, VictorianFibre Holding &
Co. S.C.A., a company belonging to funds managed by Kohlberg Kravis Roberts
& Co. L.P. (together with its associated companies 'KKR').
This option was granted to United Internet when selling its Versatel shares
to KKR in May 2011. At the time, United Internet's sale paved the way for a
delisting of the company. Following its successful delisting and the
completion of restructuring measures, the key earnings figures and free
cash flow of Versatel have improved. KKR and United Internet have been
closely accompanying this development over the past months.
The shares are to be purchased in December 2012 by exercising the option
and converting the vendor loan (amounting to EUR 59.8 million) granted at
the time to KKR as part of the sale into shares in Versatel's parent
company.
Contact:
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
14.11.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: United Internet AG
Elgendorfer Straße 57
56410 Montabaur
Germany
Phone: +49 (0)2602 / 96 - 1100
Fax: +49 (0)2602 / 96 - 1013
E-mail: info@united-internet.de
Internet: www.united-internet.de
ISIN: DE0005089031
WKN: 508903
Indices: TecDAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard);
Freiverkehr in Düsseldorf, Hamburg, Hannover, München,
Stuttgart
End of Announcement DGAP News-Service
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