Corporate | 2 October 2013 09:35


United Internet increases its stake in Sedo to 96.05% and plans squeeze-out


United Internet AG / Key word(s): Investment

02.10.2013 / 09:35


United Internet increases its stake in Sedo to 96.05% and plans squeeze-out

Montabaur, October 2, 2013. United Internet today acquired the 4,461,379 shares in Sedo Holding AG, Cologne, held by Sedo’s founders and raised its stake in the company to 96.05%. The shares in Sedo Holding AG were acquired by United Internet Ventures AG at a price of EUR 2.60 per share. United Internet aims to integrate the Affiliate Marketing and Domain Marketing business fields operated by Sedo Holding AG more closely into the strategic development of the United Internet Group. Against this backdrop, United Internet Ventures AG will initiate a squeeze-out process at Sedo Holding AG over the coming weeks in line with Secs. 327a ff. of German Stock Corporation Law (AktG).



About United Internet
With 12.70 million fee-based customer contracts and 31.03 million ad-financed free accounts, United Internet AG is Europe’s leading internet specialist. At the heart of United Internet is a high-performance ‘Internet Factory’ with 6,490 employees, of which more than 1,850 are engaged in product management, development and data centers. In addition to the high sales strength of its established brands (1&1, GMX, WEB.DE, united-domains, Fasthosts, InterNetX, Sedo and affilinet), United Internet stands for outstanding operational excellence with around 44 million customer accounts worldwide.


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



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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 News DGAP News-Service

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