MONTABAUR (dpa-AFX) - United Internet AG said Monday that it has contractually secured, via its subsidiary United Internet Ventures AG, the purchase of an about 9.1% equity stake in Drillisch AG, Maintal.
The acquisition can only be closed after the relevant approval has been granted by Germany's Federal Cartel Office. When the purchase is closed, United Internet will have a total indirect holding of 20.7% in Drillisch AG via its acquired and contractually agreed interests.
United Internet regards Drillisch AG as a well-positioned company with promising market opportunities. However, United Internet said it does not currently plan to acquire an equity stake of 30% or more in Drillisch AG, which would oblige it to submit a mandatory bid to all other shareholders of Drillisch AG, nor to make a voluntary takeover bid.
Copyright RTT News/dpa-AFX