FRANKFURT (Thomson Financial) - German Internet company Freenet AG. said it completed the takeover of Debitel and that the mobile phone services provider's former owner, buyout firm Permira, as a result now owns 24.99 percent in Freenet.
Drillisch AG. and United Internet AG., which through their joint MSP Holding own about a quarter of Freenet's shares, fiercely opposed the acquisition and previously said they will seek to oust Freenet's supervisory board in a shareholder vote at the August 8 annual general meeting. email@example.com lb/jlw COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.