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United Internet AG
M&A Activity • Feb 13, 2017
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M&A Activity
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News Details
Corporate | 13 February 2017 08:56
United Internet AG: Strato takeover approved by German anti-trust authorities
DGAP-News: United Internet AG / Key word(s): Mergers & Acquisitions/Investment
13.02.2017 / 08:56
The issuer is solely responsible for the content of this announcement.
Montabaur, February 13, 2017. On December 15, 2016, United Internet AG announced its intention to acquire Strato AG. The takeover was subject to the usual approval by the German Federal Cartel Office (“Bundeskartellamt”). This approval has now been granted. As a result, United Internet can close the transaction as planned in the first quarter of 2017 and consolidate Strato in its accounts as of April 1, 2017.
About United Internet
With 16.75 million fee-based customer contracts and 33.44 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 approx. 8,000 employees, of which around 2,700 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, Arsys, home.pl, InterNetX, Sedo, affilinet and 1&1 Versatel), United Internet stands for outstanding operational excellence with around 50 million customer accounts worldwide.
Contact
Press
United Internet AG
Elgendorfer Strasse 57
56410 Montabaur
Germany
Tel: +49 2602/96-1616
Fax: +49 2602/96-1013
E-mail: [email protected]
Internet: www.united-internet.de
13.02.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at 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: | [email protected] |
| Internet: | www.united-internet.de |
| ISIN: | DE0005089031 |
| WKN: | 508903 |
| Indices: | TecDAX |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |