Corporate | 2 October 2013 09:35
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United Internet AG / Key word(s): Investment
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).
End of Corporate News 02.10.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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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| 232974 02.10.2013 |