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freenet AG
M&A Activity • Jun 29, 2018
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M&A Activity
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Ad-hoc | 29 June 2018 18:08
freenet AG to acquire just under 10 per cent of CECONOMY AG
freenet AG / Key word(s): Investment
freenet AG to acquire just under 10 per cent of CECONOMY AG
29-Jun-2018 / 18:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Public disclosure of inside information in accordance with Article 17 of the Regulation (EU) Nr. 596/2014
freenet AG to acquire just under 10 per cent of CECONOMY AG
Büdelsdorf, 29 June 2018 – freenet AG [ISIN DE000A0Z2ZZ5] and CECONOMY AG have today concluded an agreement regarding the acquisition of approximately 32.6 million shares issued by CECONOMY AG within the framework of a 10 per cent capital increase (excluding shareholders’ subscription rights) for a total consideration of approximately 277 million euros or 8.50 euros per share. After the capital increase has been carried out, freenet will hold approximately 9.1 per cent of the ordinary shares of CECONOMY AG. The completion of the transaction is subject to customary conditions.
freenet and MediaMarktSaturn, a subsidiary of CECONOMY AG, have already been working together for a long time in retail of consumer electronics in the form of a distribution cooperation, whereby MediaMarktSaturn act as a distribution channel for part of the product portfolio of freenet AG.
**Investor Relations:
freenet Aktiengesellschaft**
Ingo Arnold, Head of Investor Relations
Deelbögenkamp 4c
22297 Hamburg
Telefon: +49 (0) 40 / 513 06 778
Fax: +49 (0) 40 / 513 06 970
E-Mail: [email protected]
29-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | freenet AG |
| Hollerstraße 126 | |
| 24782 Büdelsdorf | |
| Germany | |
| Phone: | +49 (0)40 51306-778 |
| Fax: | +49 (0)40 51306-970 |
| E-mail: | [email protected] |
| Internet: | www.freenet-group.de |
| ISIN: | DE000A0Z2ZZ5, DE000A1KQXU0 |
| WKN: | A0Z2ZZ , A1KQXU |
| Indices: | TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |